Boeing's setbacks: “A first-year management student could have run this company better”

Boeing's disastrous results, which posted a net loss of $6 billion last quarter, were no surprise to Merhan Ebrahimi, a management professor and director of the Observatory of Aeronautics and Civil Aviation.

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“A first-year management student runs this company better than its managers,” he lamented in an interview with LCN on Saturday.

According to experts, the crash of two 737 MAXs, the strike movement affecting the company and the internal problems that are tearing it apart are signs of this dysfunction.

A costly strike

Unions representing the employees also rejected the new offer from their employer.

“First, what the company proposed was very close to what the unions asked for in their first demands. They asked for 40%, the company offered 35%, plus a $7,000 signing bonus,” he explained.

The rejection highlighted “a kind of general uneasiness in this company.”

“I wonder once again [ce qu’il] What is going on,” asked the professor.

The consequences of this walkout hurt Boeing's earnings. The strike has forced production of the 737 MAX planes, which represent the aerospace giant's cash cow, to be halted.

“This is more than Boeing has lost since the strike began [aurait pu] The offer is within four years of this collective agreement. So, I'm re-thinking what's going on,” he said.

Watch the full interview in the video above