Boeing’s Dreamship?

What is it with the Dreamliner? Boeing just announced its third delay in the dream-ship, putting it a year and a half behind schedule.

When Boeing first proposed the aircraft, it was considered a model of new design and production know-how. Many of us cheered as orders for almost 1,000 planes rolled it. I never wanted to ride on Airbus’s mega-carrier, and now I could seemingly fly almost halfway across the world without so much as a refueling stop.

Then the delays started coming in. Problems with Boeing’s suppliers—especially those in Japan and Russia—mean that the first planes won’t be flying until the end of 2009, instead of May of this year. Boeing says they’re being more conservative with this production estimate. We’ll have to see on that one.

The larger issue is here is another by-product of globalization. As companies use more outside providers, small complications can yield major headaches. Call it the butterfly-effect writ large. In Boeing’s case, its “Dreamliner” has become a real nightmare.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T18:05:02+00:00 April 10th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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