Boeing's forlorn efforts to recover its poise after the disastrous accidents of its 737 MAX planes turned out to be illusory
Hoping to survive a tempest in December '19 by delaying production of the ill-fated plane after inventories reached $73 billion and debts $25 billion, the company could not have conceived the magnitude of the tsunami about to hit a few months later
For both major manfacturers, Boeing and Airbus, options are hard to envision as recovery of air travel at pre-COVID levels is pushed back to 2023...if not later
Subcontractors are deeply affected as the production halt reverberates across the supply chain, putting the survival of all but the most diversified manufacturers in doubt
Lessors and bondholders, financing a majority of the aircrafts worldwide, will need very deep pockets to survive