1115: C1115 Madao's Passenger Plane

C1115 Madao's Passenger Plane

Back then, when the gates of the country opened, the president of Y Country visited the Han Country. The relationship between the two parties had become normalized. Both parties signed the 'Science and Technology Cooperation Agreement between the governments of the Han and Ying countries', which was from this year onwards. McDonnell-Douglas Corporation had tried to enter the market of Han Country, and they started to negotiate continuously.

In history, almost five years of negotiations had passed. On April 13, 1985, the Hua Ting Airlines Company and MacDonald Douglas Company signed the Cooperation to manufacture the MD-82 aircraft and the General Trading Agreement. The agreement stated that the McDonnell-Douglas Corporation would transfer the technology. It would be used to produce MD-82 aircraft on the basis of buying accessories in Hua Ting. It would produce 25-40 aircraft within five years. All of them would be used by domestic airlines.

From 1986 to 1994, the Hua Ting Aviation Factory had assembled a total of 3 models of 35 wheat road aircraft. 5 of them were resold to Y Country, and 30 of them directly spouted the words Han Country Civil Aviation. After that, they began to manufacture MD90 passenger planes. Unfortunately, due to the negligence of signing the contract, as a result... Producing a plane was much more expensive than import. In order to make up for the loss, the financial subsidy was 8 million for each aircraft. Finally, after installing two MD90 aircraft, it ended.

Although the MD90 had been merged with Boeing at this time, the contract for the old employer's era could still continue. However, this kind of production would lose one MD90. No matter what, it could not continue.

At this time, the Eagle Group's 20 sets of MD9s raw materials were basically stored in the warehouse. The value was as high as 500 million Eagle Dollars. As for the new factories, equipment, and personnel training costs, they all failed. We were also faced with Boeing's claim for terminating the contract.

Just like that, this project officially went bankrupt. In the sky of Han Country, from then on, it was completely occupied by western airplanes. Boeing and Airbus Company. After earning the valuable foreign currency of Han Country, Han people looked up at the sky. It could only shed endless tears. This project had become a complete failure. On the one hand, it destroyed the Shipping Ten and completely destroyed the domestic aircraft industry. On the other hand, it had also made Han Country realize how fluent the capital methods of foreign countries were. In the economic development, how many losses had they suffered?

Now, hearing that the McDonnell-Douglas Corporation was trying to trick them again, Qin Guan's expression was very ugly as he listened to Major Yang's words. Qin Guan said, "The McDonnell-Douglas Corporation's plan is wrong. Don't think that their plane is still fine. It won't take more than a few years for Airline to fall in love with them. If we bring in their airplane, we will definitely fail in the end. "

Qin Guan was very straightforward. This project would definitely fail.

"No one knows about McDonnell-Douglas Corporation. Their company is full of internal conflicts. If we work with them, we might as well work with Boeing." Qin Guan continued.

Major Yang frowned. "Qin Guan, with your logic, can you convince the Civil Aviation Administration?"

Qin Guan shook his head. "I don't know. However, if the Civil Aviation Administration was not willing, anyway, we are working together with the Hans. The Airline of the Hans will need a lot of it. If a passenger plane wins the market of Europe... If our Civil Aviation Administration still wants to point fingers at us, I can only hehehe. "

Qin Guan stood up. "Let's go. Mr Yang, take me to visit once."

Qin Guan knew that this was not an easy task. This was different from the route of the company. If the company involved too many departments, there would be people who would be dissatisfied with him.

What was the biggest mistake of the McDusk-82 passenger plane? It was the most classic engine layout of McDonnell-Douglas Corporation.

If he couldn't convince them, then let them do what they want. Time will prove that he was right, Qin Guan thought to himself.

"This morning, this magpie is calling from outside. I knew there would be a happy occasion. As expected, it's President Qin who has graced us with his presence."

Qin Guan was surprised to find that the leaders of the Civil Aviation Administration were very polite to him. However, this kind of politeness seemed to be divided. After everyone sat down, Qin Guan began to talk.

"We, the North Industrial Company, and the MBB, are taking the lead to jointly develop a side passenger plane. I was neglectful in this matter, so I will apologize to all the leaders here." Qin Guan said.

"President Qin, this matter has nothing to do with our Civil Aviation Administration. We are now preparing to sign a contract with the McDonnell-Douglas Corporation to manufacture their most advanced aircraft, McDual-82. What do you think?"

Hearing what the other side said, Qin Guan knew that they were holding back their anger.

"I don't know everyone. Do you know the origin of McDonnell-Douglas Corporation?" Qin Guan decided to start from the scattered matters.

"Then let's ask President Qin to tell us about it."

"Alright, then let me introduce it to everyone." Qin Guan did not stand on ceremony and started to talk about it.

"The full name of McDonnell-Douglas Corporation is McDonna? The Douglas Company was founded after McDonna bought the Douglas Company in 1967. At that time, because the Douglas Company was on the verge of bankruptcy, it was annexed by the McDonna Company." Qin Guan said, "As for the bankruptcy of Douglas Company, it's very funny. At that time, Douglas Company's civil aircraft order still accounted for more than 60% of the global market. In the end, the company went bankrupt all of a sudden. Do you know why?"

Qin Guan's question attracted everyone's attention. Why?

They really did not know.

"Because they lack cash flow. This is the key to the operation of capital. We used to plan the economy, so we didn't need this knowledge. As the economy developed, more and more private companies appeared. There would also be companies that went bankrupt. There will be a lack of cash flow."

"It will take a few years for a civil aircraft to be purchased and delivered, and more orders don't mean more cash. Because they can't be exchanged for money immediately, and once they lack cash flow, in order to maintain the operations of the company, one must rely on borrowing money to live a day. It's very likely that it will cause a vicious cycle that will go out of control. "

Qin Guan continued to introduce, "Douglas Company did not take strict cash flow contraction measures. Their profitability was not bad. But it happened to be inflation, which caused the cost of the aircraft to increase rapidly. The previous orders were not produced, so it would be a loss if they were produced again. Thus, they would be carrying a heavy debt on their shoulders."

"At that time, this company could not go bankrupt, and if the company really went bankrupt... It will bring a huge loss to Airline, who had already ordered the Douglas Company plane. That's why the banks suggested that other companies come out to clean up the mess."

"As for MacDonald Company, although the scale is small, the company's cash flow is abundant. In the end, they used 68 million to buy the Douglas Company. This is almost like an ant swallowing an elephant. "1

Qin Guan had to explain to everyone clearly that the McDonnell-Douglas Corporation was full of contradictions, and he himself would be in trouble.

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