I don't see bankruptcy at all for Boeing... it's a hugely diversified entity, and while the commercial airplane business is the biggest piece of the pie, the MAX fiasco isn't going to sink the rest of the company.

It obliterates any semblance of credibility, for Boeing, and totally disrupts the entire strategic, long-term plan for the company, which was to use the maturing 787 line and the relatively low-cost 737MAX derivative to drive cash flow, enabling development of an NMA, that ideally would have scored approximately 500 orders by now from AA/UA/DL alone, and been well on track to a ~2024 EIS, followed by the 737 replacement program with a 2030 EIS target. Now, the NMA has either been totally obviated, or reduced in scope to a 767 replacement (see Nocella's comments from yesterday). Either way, the 737 replacement timetable is brought forward, but not until the MAX is fixed, which is consuming considerable engineering resources.

The 737NG nacelle, 787 production and 777X engine issues are magnified by the media, but in reality, barely scratch the surface of the corporate impact the MAX debacle has, and will continue to have on Boeing for years to come. Boeing is now relegated to a backseat to Airbus for at least a decade, IMO.