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Probably not even Boeing's space program.
Airbus can't just jump in and suddenly make all the planes to replace Boeing's civilian sector. Moreover they are irreplaceable in the defence sector. If Boeing really is to go down completly, it will take years of bad news.
Well it has been a few years of bad news.......
It's not clear to me that they are irreplaceable. If enough of their planes fall apart, you have no choice but to replace them. And also, if Boeing is so incompetent that they can't get anything right, that's a good argument for nationalizing the company. If they're necessary but incompetent, and all track records indicate that they are getting worse, then the only solution is to take them over.
This is the way. Bail them out when they tank, but do so with a 51% (pr more!) stock purchase by the gov on behalf of the people/society. Force a new board. Fix the company. If they're ever profitable again they're free to buy their stock back from the gov at the market price. I'm not usually a capitalist, but an /actual/ capitalist bailout seems like a good way to fix the rot in this case.