Are what makes the world go around - only governments can live on hot air -
anyone on this forum want to live in Greece or Argentina?
In the last 12 years the Boeing Company has received a total of $1.649 Bil in
tax refunds while booking $43,113,000,000 in profits. Just how do they do that?
The startup costs for any new model are all upfront costs &, in most cases,
immediately deductible. 75% of any new models costs go into tooling, so a 10 billion
dollar program will have $7.5 billion in tooling costs immediately deductible.
BA at present has a 441 billion dollar backlog -85% of that backlog is on the
Commercial side - when an aircraft costs 80-300 mil off
the shelf thats not a lot of airplanes, though it is! The company's backlog is bigger than
the GDP pif all but the largest 26 countries in the world & I would imagine their clout, in
many cases to be greater than many of those countries. Certainly the top people on their
staff would be more talented than those in the GDP countries. They don't have laws to enable
their existence but I am sure they make them happen.
The person who is now head of the Commercial Airplane Division is the son of a General Foreman
I used to support as an engineer. It is not hard to see why he got there & why he is successful, it's
in the genes . It's also a killer of a job!!!!
BA announced publicly that in 2016 all defined benefit retirement programs for salaried non union staff
will be history. This is in keeping with the program adopted to keep the 777X in the state of WA. That
means the next round of negotiations will also have that proviso in the new contracts. As the politico's
were all for the Machinists accepting that proviso in the "keep the 777x program here contract".
How long do you think it will be before that is the norm in WA state contracts with Public Employees Unions?