Transcript
Introduction
Zack
This is Zack Fuss, an investor at Irenic Capital, and today, we're breaking down Boeing. Founded in Seattle in 1916 by William Boeing, the company has produced thousands of commercial and military aircraft over the past century. It is an important national and global asset and 1/2 of arguably the most famous duopoly in business, alongside Airbus.
To break down Boeing, I'm joined by Jon Ostrower, Founder and Editor in Chief of The Air Current. You can split Boeing's business into three segments: commercial, defense and services. For this discussion, we focus primarily on Boeing's commercial business, which accounted for nearly 40% of its revenues last year. We'll talk about the cost and complexity of building new airplanes, how the 737 MAX disaster changed the business, and when the future of commercial planes will look radically different. Please enjoy this business breakdown of Boeing.