Company has proven longevity and can withstand financial blows Boeing has been in business for over 60 years, and has been a frontrunner in international aviation since its inception. By now, the company has accumulated enough assets to immediately bounce back from financial minor crises. Essentially, this is a company that will be around for a while. 2.
Diverse Aircraft. Large fleet
Boeing's vast arsenal can compensated for slow business in an specific department. With dozens of planes to choose from, Boeing has sold more than 15000 planes. In the commercial market alone, Boeing has the 737, 747, 767, 777, and will soon launch the 787. Each model has at least five variations and options to choose from, and these numbers don't even include the freighting variety of each model. 3.
Highly skilled engineers
Engineering at Boeing has a very low employee turnover rate. The overall number of engineers working for Boeing remains relatively consistent, showing us that Boeing does not need to replace many of its engineers, meaning their engineers are still doing their job well. Additionally, having such a strong presence in the field of aerospace would not be possible if the company did not have engineers of their caliber. 4.
Has large percentage of commercial airlines as clientele. Virtually every commercial airline houses a Boeing plane. The 747 is the most common and well-known commercial plane today. 5.
Securing highest number of aircraft orders
Getting rid of Connexion
Connexion is a satellite driven service that allows people to use their cell phones while in the air. However, due to the growing cell phone networks' coverage, Connexion soon became outdated and useless. 2.
Four years ago, Boeing downsized a quarter of its employees. Naturally, this would put the rest of the employees on edge. Even now, disgruntled employees fear for their jobs because if there were another recession,...
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