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Monday, June 7th, 2021

 

The 1997 Merger That Paved the Way For the Boeing 737 Max Crisis

Only now, with the plane indefinitely grounded, are we beginning to see the scale of its effects. Natasha Frost Nowhere to go. Photo by Reuters/Lindsey Wasson Late in the summer of 1997, two of the most critical players in global aviation became a single tremendous titan. Boeing, one of the US’s largest and most important companies, acquired its longtime plane manufacturer rival, McDonnell Douglas, in what was then the country’s tenth-largest merger. The resulting giant took Boeing’s name. More unexpectedly, it took its culture and strategy from McDonnell Douglas—even its commercialRead More


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