A nationalized Boeing could have different objectives, provide a strong set of working class jobs, and ensure we continue to produce planes here in the States.
Investors will feel the pain and demand a change of leadership (very badly needed after the 737 MAX debacle).
A bankruptcy that large will be shepherded by the government to prevent too many long-term job losses and to prevent the defense-sensitive projects/info from being owned by foreign companies.
Boeing is a big defense contractor:
https://www.fool.com/investing/2017/01/30/boeing-earnings-th...:
> In addition to being the world's biggest producer of commercial airplanes, Boeing is also one of the world's biggest defense businesses -- and this is key to understanding Boeing stock. Commercial Airplanes may provide 69% of Boeing's revenue, but according to data from S&P Global Market Intelligence, Commercial Airplanes contributes only 54% of the company's profits. The bulk of Boeing's remaining business comes from its big Defense, Space & Security division, which comprises three parts: Military Aircraft, Network & Space Systems, and Global Services & Support.
That class sees competition is an unnecessary, and a profit-reducing problem[1] that can be routed around.
[1] See Thiel's monopoly essay.
Actually, I don't think it does:
https://www.lexico.com/en/definition/capitalism:
> An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
A privately-owned monopoly that ruthlessly crushes all competition is just as capitalistic as a privately-owned competitor in a market with perfect competition. The key concept is private ownership and control, not competition. Competition is is only required if you want the resulting system to have some positive externalities for consumers and society at large.