{"id":127733,"date":"2022-06-10T01:02:55","date_gmt":"2022-06-10T01:02:55","guid":{"rendered":"https:\/\/fin2me.com\/?p=127733"},"modified":"2022-06-10T01:02:55","modified_gmt":"2022-06-10T01:02:55","slug":"ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/","title":{"rendered":"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite><em>Editor&#8217;s Note: This story is part of CNN Business&#8217; Nightcap newsletter. To get it in your inbox, sign up for free, <\/em><em>here.<\/em> <\/p>\n<p>Did you know there are actually two Air Force Ones? (Should that be Airs Force One?) It&#8217;s true \u2014 POTUS gets two planes, and technically Air Force One is designated as whichever jet the president is flying on.<\/p>\n<ul><\/ul>\n<p>More fun facts: Boeing was due to deliver two new presidential 747s soon, but they are wildly over budget and behind schedule.<\/p>\n<ul><\/ul>\n<ul>\n<li>Among other problems, Boeing has had trouble finding enough workers with sufficient security clearance to work on the high-tech military planes, especially when Covid cases caused staffing shortages, my colleague Chris Isidore writes. (Note: Everything I know about Air Force One is sourced to either Chris or Harrison Ford.)<\/li>\n<li>Boeing also had a dispute with a subcontractor that was working on the jets&#8217; interior. That contractor was replaced, further setting back progress.<\/li>\n<li>It&#8217;s so bad, Boeing&#8217;s CEO says even agreeing to build the planes in the first place was a mistake. He told analysts in April that the $3.9 billion deal it inked with the Air Force in 2018 included &#8220;a very unique set of risks that Boeing probably shouldn&#8217;t have taken.&#8221;<\/li>\n<li>The current Air Force One jets were built in 1990, and they were supposed to be replaced by 2025. Now, Boeing says it may not happen till 2026.<\/li>\n<\/ul>\n<p>On top of all of that, there&#8217;s a new headache: The paint job that former President Donald Trump ordered is a major liability.<br \/>Trump didn&#8217;t love the AFO color scheme, with its light blue stripe that&#8217;s been there since the Kennedy administration. He wanted a supposedly more patriotic look, with a red, white and blue palette. In case the state-of-art tech and armada of nuclear-attack-resistant support planes didn&#8217;t do enough to scream &#8220;THIS IS AMERICA.&#8221;<\/p>\n<p>On top of all of that, there&#8217;s a new headache: The paint job that former President Donald Trump ordered is a major liability.<br \/>Trump didn&#8217;t love the AFO color scheme, with its light blue stripe that&#8217;s been there since the Kennedy administration. He wanted a supposedly more patriotic look, with a red, white and blue palette. In case the state-of-art tech and armada of nuclear-attack-resistant support planes didn&#8217;t do enough to scream &#8220;THIS IS AMERICA.&#8221;<\/p>\n<ul><\/ul>\n<p>Trump didn&#8217;t love the AFO color scheme, with its light blue stripe that&#8217;s been there since the Kennedy administration. He wanted a supposedly more patriotic look, with a red, white and blue palette. In case the state-of-art tech and armada of nuclear-attack-resistant support planes didn&#8217;t do enough to scream &#8220;THIS IS AMERICA.&#8221;<br \/>\nBut it turns out the darker blue Trump requested could potentially overheat the sophisticated electronics system that ensures POTUS can stay in secure communication with officials on the ground.<br \/>\nThe Air Force did not say what the new color scheme would be. And there was no word yet from Trump about how quickly he&#8217;d order the military to revert to his design if he&#8217;s re-elected&#8230;<\/p>\n<h3>NUMBER OF THE DAY<\/h3>\n<p><strong>$4,000<\/strong><br \/>\n<em>New York, New York, it&#8217;s a helluva town. The rent is up and our wages are down &#8230;<\/em><br \/>\nAh, New York City. We love you. We really do. But you don&#8217;t make it easy. Rents just a record high in May \u2014 the fourth consecutive month of records \u2014 as landlords jacked up prices and revoked pandemic-era concessions.<br \/>\nMedian rent for an apartment in Manhattan hit $4,000 a month in May, surging 25% from a year ago, according to a report from brokerage firm Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants.<\/p>\n<h3>VALLEY NEWS<\/h3>\n<p>The &#8220;move fast and break things&#8221; ethos in Silicon Valley isn&#8217;t aging well.  These days it&#8217;s more &#8220;cut costs and try to survive.&#8221;<br \/>\nHere&#8217;s the thing: Big Tech has been barreling toward a reckoning for a few years, but 2022 has accelerated the industry&#8217;s reality check. Tech stocks are now in their worst rout in a decade, starved of the easy money from the Fed&#8217;s pandemic-era stimulus program that fueled those companies&#8217; recent highs. Companies are laying off staff.<br \/>\nAs my colleague Catherine Thorbecke writes, investors and industry vets have been sounding the alarm for weeks.<\/p>\n<ul>\n<li>&#8220;The boom times of the last decade are unambiguously over,&#8221; venture capital firm Lightspeed said in a blog post.<\/li>\n<li>&#8220;No one can predict how bad the economy will get, but things don&#8217;t look good,&#8221; tech startup accelerator Y Combinator warned. &#8220;The safe move is to plan for the worst.&#8221;<\/li>\n<li>Bill Gurley, a prominent venture capitalist, summed up the shifting mood in a tweet last month seemingly directed at tech startups who may be in denial: &#8220;The cost of capital has changed materially, and if you think things are like they were, then you are headed off a cliff like Thelma and Louise.&#8221;<\/li>\n<\/ul>\n<p>Virtually every sector, minus energy and utility stocks, is struggling with high inflation, rising interest rates and general gloominess that has economists and analysts speculating about a recession. But tech \u2014 along with other high-risk investments like SPACs and cryptocurrencies \u2014 has been hit especially hard.<br \/>\nEven tech giants like Facebook, Amazon, Apple, Netflix and Google (the so-called FAANG stocks) are down by double digits, faring worse than the broader market. It&#8217;s enough to remind more seasoned investors of the 2000 Dot-Com Bubble.<br \/>\n&#8220;For years, startups generally followed the same playbook, which was grow as fast as possible at whatever the burn rate,&#8221; says Matt Kennedy, the senior IPO market strategist at Renaissance Capital, a provider of pre-IPO research and IPO-focused ETFs. &#8220;That&#8217;s what their investors wanted to see. Capital was cheap, so losses didn&#8217;t matter.&#8221;<br \/>\n&#8220;But that&#8217;s changed. Once again, profits matter,&#8221; he added.<br \/>\nWhile many comparisons have been made to the anguish wrought by the burst of the Dot-Com bubble, Catherine explains, the tech sector is far more developed now than it was in the past. <\/p>\n<ul><\/ul>\n<p>&#8220;Large tech companies, even though they&#8217;re tightening their belts, are still in a financially advantageous position,&#8221; said Dan Wang, an associate professor at Columbia Business School. And unlike 2000, Big Tech&#8217;s products are indispensable \u2014 consider the phone or laptop you&#8217;re reading this on right now.<br \/>\n<em>Enjoying Nightcap? <\/em><em>Sign up<\/em><em> and you&#8217;ll get all of this, plus some other funny stuff we liked on the internet, in your inbox every night. (OK, most nights \u2014 we believe in a four-day week around here.)<\/em><br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/06\/09\/business\/air-force-one-boeing-silicon-valley-nightcap\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Editor&#8217;s Note: This story is part of CNN Business&#8217; Nightcap newsletter. To get it in your inbox, sign up for free, here. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":127732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets - Fin2me\" \/>\n<meta property=\"og:description\" content=\"New York (CNN Business)Editor&#8217;s Note: This story is part of CNN Business&#8217; Nightcap newsletter. To get it in your inbox, sign up for free, here. [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-10T01:02:55+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/06\/Ryanair-CEO-blasts-Boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/\",\"url\":\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/\",\"name\":\"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2022-06-10T01:02:55+00:00\",\"dateModified\":\"2022-06-10T01:02:55+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/","og_locale":"en_US","og_type":"article","og_title":"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets - Fin2me","og_description":"New York (CNN Business)Editor&#8217;s Note: This story is part of CNN Business&#8217; Nightcap newsletter. To get it in your inbox, sign up for free, here. [...]","og_url":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/","og_site_name":"Fin2me","article_published_time":"2022-06-10T01:02:55+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/06\/Ryanair-CEO-blasts-Boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/","url":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/","name":"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2022-06-10T01:02:55+00:00","dateModified":"2022-06-10T01:02:55+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/ryanair-ceo-blasts-boeing-in-expletive-laden-remarks-about-slow-delivery-of-737-jets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Ryanair CEO blasts Boeing in expletive-laden remarks about slow delivery of 737 jets"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/127733"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=127733"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/127733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/127732"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=127733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=127733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=127733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}