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Speaker 1: Seventeen pass big day, maybe a day of reckoning for

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Speaker 1: Boeing as they hit the Hill in Washington to face

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Speaker 1: the law makers who want some answers around what's basically

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Speaker 1: a modern day corporate disaster. Boyd Group International leading aviation

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Speaker 1: research and consultancy Group President Mike Boyd's with us on

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Speaker 1: this morning to.

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Speaker 2: You and good morning to you, sir.

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Speaker 1: And how much of what we're seeing on the hill

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Speaker 1: today is about politics and imaging versus what say the

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Speaker 1: FAA can do in trying to fix Boeing? And does

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Speaker 1: Boeing actually get fixed?

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Speaker 2: That's a good question. You're were looking at probably ninety

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Speaker 2: five percent politics and imaging. I mean, in a normal world,

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Speaker 2: which we don't live in, that Manna from Boeing should

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Speaker 2: be in jail or certainly not working. The fact he's

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Speaker 2: even there being tolerated is beyond me.

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Speaker 1: What's your assessment of Boeing?

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Speaker 2: Look, it's our number are in us, our number one exporters.

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Speaker 2: They have offices all over I mean Montana, places like that.

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Speaker 2: Did the jobs are important? The problem with bone is

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Speaker 2: it's been run by people that are more worried about

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Speaker 2: the stock price than they were about maybe managing the company,

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Speaker 2: and it's more than just building airplanes. After the current

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Speaker 2: models they have there, they've got no follow ons at all,

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Speaker 2: you know, so in five or ten years, Airbus will

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Speaker 2: be the only game in global town.

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Speaker 1: Do you believe the whistle blows?

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Speaker 2: Yeah? I do. I Look, these people give up their

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Speaker 2: lives for this. I mean literally in some cases. But

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Speaker 2: when you whistle blow, you know, you might be fifty

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Speaker 2: five years old, ready to retire, and you're giving up

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Speaker 2: the time with your family and your grandkids and everything else.

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Speaker 2: They're heroes. So yet they are finding things and happy

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Speaker 2: to be looked at, no questions. But there's too many

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Speaker 2: coming out of the woodwork right now. There are major

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Speaker 2: problems at Boeing and that means we need to take

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Speaker 2: a bulldozer to the front office at Boeing and clean

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Speaker 2: it out.

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Speaker 1: So explain to me how this happens. Yes, you won

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Speaker 1: you know, you're worried about the shap price in your

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Speaker 1: bottom line. I get all of that, But at the

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Speaker 1: point where you don't get plane orders anymore and duals

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Speaker 1: fall off, that sort of destroys your entire argument. How

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Speaker 1: did that cross over that way?

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Speaker 2: Well? Well, number one, they weren't they weren't paying attention

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Speaker 2: to the marketplace. Like I just said, I mean, you know,

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Speaker 2: I think they sold. They got four orders in May

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Speaker 2: for errowbody airplanes. You know, the real problem is they

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Speaker 2: don't have a product line that they've invested in. They've

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Speaker 2: done what Lockheed did, or our convert did, or other

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Speaker 2: companies have done over the years. They just haven't invested

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Speaker 2: in their product because they want immediate response return for

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Speaker 2: their shareholders. That's malfeasance and unfortunately I don't have an

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Speaker 2: answer to it. And right now they're very very deep.

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Speaker 2: As we say here at Yogurt.

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Speaker 1: Yes they Mike appreciate very much. Boyd Group International's Mike

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Speaker 1: Boyd seven. For more from the Mic Hosking Breakfast, listen

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Speaker 1: live to news talks. It'd be from six am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio