The union feels that business is better for Boeing and that the union has more leverage.
More Quotes from Cai Rumohr:
I assume part of it has to do with the budget.Cai Rumohr
Does this mean that Boeing will lose business to Airbus If the strike does not last more than three months, that would be unlikely.
Cai Rumohr
I think under other circumstances it's possible this is something the board might have overlooked,
Cai Rumohr
Spinning it off kind of just gives the problems to your shareholders, and a joint venture really doesn't do much for you. The optimal plan would be to sell it and use the cash to reduce debt.
Cai Rumohr
This is sort of an ongoing dialogue, but for the moment investors are pleased with these numbers, given where their head was. Profits were good, cash was great, and the guidance was good.
Cai Rumohr
In normal market it could get back to 60.
Cai Rumohr
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