Well the alternative here would have been to not say anything and cover it up. They found counterfeit material in their inventory and raised the alarm, nothing better they could have done. I don’t know what the acquisition process was for that stock, maybe they did fuck up by buying it, but once you realize the problem is there you have to say something or people die.
We are really going to have to wait for the FAA’s investigation because there’s still all sorts of questions about their acquisition process and where exactly was the certificate forged. The big question i have thought was when did spirit discover that the certificates were forged because they are claiming parts manufactured all the way back in 2019 were effected. I believe some suspicion on the side of spirit is warranted because this is the same company that is currently being investigated on claims that they were covering up safety issues. Not to speculate too much but I wouldn’t be surprised if spirit knew the titanium was fraudulent as early as 2019 and are only now doing something about it because they are being investigated for other issues and wanted to control the narrative.
Well the alternative here would have been to not say anything and cover it up. They found counterfeit material in their inventory and raised the alarm, nothing better they could have done. I don’t know what the acquisition process was for that stock, maybe they did fuck up by buying it, but once you realize the problem is there you have to say something or people die.
We are really going to have to wait for the FAA’s investigation because there’s still all sorts of questions about their acquisition process and where exactly was the certificate forged. The big question i have thought was when did spirit discover that the certificates were forged because they are claiming parts manufactured all the way back in 2019 were effected. I believe some suspicion on the side of spirit is warranted because this is the same company that is currently being investigated on claims that they were covering up safety issues. Not to speculate too much but I wouldn’t be surprised if spirit knew the titanium was fraudulent as early as 2019 and are only now doing something about it because they are being investigated for other issues and wanted to control the narrative.