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So in order to "restore confidence in the company" they put the finance guy in charge. I feel safer already.

So they put the type of guys who like to cut costs at the expense of everything else, including safety measures in charge? I feel safer too!

Is it reasonable to think they may have done this because they expect to declare bankruptcy and go through restructuring?

Boeing 737 is only a small portion of their total business, don't think they bankrupt.