So Boeing planes have been in the news for…. issues. What’s surprising about it to aviation observers is how unsurprising they consider it. And as for why? Well, here’s the oversimplified and likely wrong in a few ways explanation.

So Boeing seemingly was a legend of Engineers until the evil Finance People ruined it. Anyone who has looked at the history of the auto industry will find this familiar. And while there is truth to nickel and diming, the context both on and above the ground is always more complex. If you look at the types of cars produced on both sides of the Pacific before the oil crisis/bubble popped, yes, there was a time when engineering was obvious-and obviously excessive.

In short and simply: Boeing was/is the last of the big post-WWII dinosaurs to encounter serious competition. There was no need for it to shape up because of the lack of a challenge, buoyed by their spectacular good luck concerning federal policy. The 747 came and was snapped up by airlines just in time for the oil crisis. But since the airline industry was a symbotic pampered cartel then, it was just passed on to customers to bail them out. Then came deregulation after that, with Boeing taking advantage of the boom. Then came the opening up of previously closed-off markets after 1991, and then…

…then the low-hanging fruit already got picked and the guys in Toulouse figured out how to make good airplanes. Oops.