Boeing

[scotia]

For a change - possibly some good news about Boeing. On the BBC News Web Site today it is reported that the Chinese are close to agreeing with the US government to purchase a substantial volume of USA manufactured goods - and it is suggested that this will be increased business for Boeing.

[AsleepInYorkshire]

14th Janaury 2020
Boeing net orders slump to lowest in decades
(Reuters) - Boeing Co (BA.N) reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 MAX jet saw it fall far behind main competitor Airbus
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Boeing said its net total for orders this year sank to a negative 87 airplanes.
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Planemakers receive most of their revenue when aircraft are delivered - minus accumulated progress payments - making final delivery crucial for their finances.

‘Boeing has not learned its lesson.’ Downgrade warning, lawmaker criticism make for rough first day for new CEO
Boeing’s new CEO Dave Calhoun had a challenging first day running the company — a debt downgrade warning and outcries from lawmakers over his potential bonus.
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Moody’s Investor Services said it is putting Boeing’s debt on a 90-day review for a possible downgrade, less than a month after cutting its credit rating by one-notch

AiYn'U

[AsleepInYorkshire]

13th January 2020
EU scrutiny of Boeing-Embraer deal pushed back to early 2Q20

The deadline for the completion of the European Union’s (EU) antitrust enquiry into Boeing's USD4.2 billion dollar bid to buy 80% of Embraer's commercial jets division has been extended to April 30, a filing posted on the bloc’s website on January 9 said.

AiYn'U

[AsleepInYorkshire]

16th January 2016
How Boeing lost its way
Shareholder value eclipsed safety as a top priority, with catastrophic consequences.

New Boeing 737 Max Setbacks Could Further Delay Its Return
"Producing [a simulator] takes between eight months and a year," Negroni says. "Right now there are only a handful of them, so requiring pilots to have simulator training is going to throw a big wrench into the return to service schedule."

Boeing reorganises pilots after MAX crisis exposes dysfunction
The shift is part of a broader shakeup of Boeing’s engineering corps that was announced last September, after a special board committee delved into the cultural rifts that contributed to design oversights with the MAX.

Southwest joins rivals in again delaying Boeing jet's return
Southwest Airlines said Thursday it has taken the grounded Boeing 737 Max out of its schedule until early June and is dropping more than 8% of its planned flights as a result.

AiYn'U

[AsleepInYorkshire]

17th January 2020 (Contributor Richard Aboulafia)
Boeing Is Unlikely To Win Much From The U.S.-China Trade Pact

Thus, it is entirely possible that a China trade deal jetliner order package will have little or no impact on Boeing’s total existing order book.

AiYn'U

[AsleepInYorkshire]

18th January 2020
Staff emails claim Boeing 777X ‘shares Max problem’
Boeing’s new flagship, the 777X, is threatened with similar safety failings to the US aerospace giant’s ill-fated 737 Max, according to internal emails.

Interims due 31st January 2020

AiYn'U

[77ss]

18th January 2020
Staff emails claim Boeing 777X ‘shares Max problem’
Boeing’s new flagship, the 777X, is threatened with similar safety failings to the US aerospace giant’s ill-fated 737 Max, according to internal emails.

Interims due 31st January 2020

AiYn'U

I have no direct interest in Boeing, but I have been following this saga with mounting incredulity (thanks for your posts!). I don't think I ever want to fly Boeing again. Of any sort. And trust the FAA?

Re the 777X, there is an interesting recent article on certification:

https://leehamnews.com/2020/01/16/certi ... or-boeing/

The same corner-cutting?

[AsleepInYorkshire]

17th January 2020
A Boeing 737 Max crash killed my daughter. Boeing's board and CEO don't inspire optimism.
I never noticed who ran Boeing until their plane took my daughter’s life. Now I know more than I ever dreamed about aviation safety, and I know that a bad board of directors can cost lives.

Boeing Stock Could Run to $400 Under New CEO David Calhoun
Boeing now has a CEO that will more than likely be upfront and honest. On the announcement that David Calhoun would be the next CEO, shares of BA rallied 10%. “Bringing David Calhoun in is what gives us confidence to keep owning the stock,” said Kevin Simpson, chief investment officer at Capital Wealth Planning

Two polar points of view.

AiYn'U

[AsleepInYorkshire]

19th January 2020
Air Force warns Boeing's new CEO that it's not happy either
The Air Force's top military officer has sent Boeing Co.'s new CEO a blunt reminder that the ill-fated 737 Max passenger jet isn't the only troubled project he has to rescue.
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"The Air Force continues to accept deliveries of a tanker incapable of performing its primary operational mission."
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Despite agreement on a plan to repair the Remote Vision System, Goldfein said in the letter, "to date, progress has been unsatisfactory. More than a year has elapsed and Boeing has yet to provide" a design "that instills confidence in the way forward."

AiYn'U

[AsleepInYorkshire]

20th January 2020
Boeing is in talks to borrow $10 billion or more as 737 Max crisis wears on
Boeing is in talks with banks to secure a loan of $10 billion or more, according to people familiar with the matter, as the company faces rising costs stemming from two fatal 737 Max crashes.
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The loan Boeing is negotiating will be a two-year, delayed-draw loan, meaning Boeing can tap into it later, a move that may not immediately affect its credit rating as another type of loan or a bond would
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The company has also continued to pay investors dividends during the crisis.

AiYn'U

[AsleepInYorkshire]

20th January 2020
How Boeing’s responsibility in a deadly crash ‘got buried’
After a Boeing 737 crashed near Amsterdam more than a decade ago, Dutch investigators focused blame on the pilots for failing to react properly when an automated system malfunctioned and caused the plane to plummet into a field, killing nine people.

AiYn'U

[flyer61]

On a different tack I cannot understand how the Boeing share price has held up. If you look at the UK we seem to be far more 'capitalist' when it comes to Companies that end up in a sticky situation. Look at Sirius Minerals as an example. It seems in the USA (well in Boeing anyway) shareholders do not feel any real pain.

One hopes every single country that has an aviation regulator where a Boeing aircraft might fly into or over is checking carefully whether the processes by which these aircraft are designed, tested and signed off to operations is appropriate.

[AsleepInYorkshire]

21st Janaury 2020
Boeing delays 737 Max return date to July
Boeing has said it does not expect its 737 Max plane to return to the skies before the summer, which is longer than initially expected.

Noting that Moody's said if Boeing's grounded Max went beyond June it would review its credit rating

AiYn'U

[AsleepInYorkshire]

On a different tack I cannot understand how the Boeing share price has held up. If you look at the UK we seem to be far more 'capitalist' when it comes to Companies that end up in a sticky situation. Look at Sirius Minerals as an example. It seems in the USA (well in Boeing anyway) shareholders do not feel any real pain.

One hopes every single country that has an aviation regulator where a Boeing aircraft might fly into or over is checking carefully whether the processes by which these aircraft are designed, tested and signed off to operations is appropriate.

Hope?

Misplaced belief leading to entitlement? That is a belief that the US Government will not allow Boeing to fail?

LTBH not feeling any pain as they still aren't in negative territory?

Newsflow has been reasonably poor and I don't expect it to improve at the next interim (which is due 31st January?)

I'm of the firm belief that this is now more than a Max issue. There seems to be rot throughout the group albeit at differing depths.

AiYn'U

[ReformedCharacter]

Boeing stock trading was temporarily halted Tuesday after shares fell by almost 6 percent on reports that regulators plan to keep the company's fleet of troubled 737 Max airplanes grounded until July, far longer than originally planned.

https://www.nbcnews.com/business/busine ... t-n1119586

RC

[AsleepInYorkshire]

21st January 2020
Wall Street pegs Boeing's 737 MAX bill at more than $25 billion
"We are expecting Boeing's up-coming results to be 'an absolute disaster', and that now looks guaranteed," Stallard said.

A truly staggering amount of money. And still no bottom. This is an estimate before the vehicle returns to service and is based on return before Q3 2020. There is no guarantee the return to service will be viable given the numbers who have said they will not use the vehicle. And then Boeing have to get a new single aisle offering up front and ready?

AiYn'U

[flyer61]

Even President Trump has stated his disappointment with Boeing.....it’s bad alright.

[AsleepInYorkshire]

Video's
Boeing/Airbus-Bombardier Specific
The Economics That Made Boeing Build the 737 Max
Big Plane vs Little Plane (The Economics of Long-Haul Flights)

More General
The Plane Highway in the Sky
How Airlines Decide Where to Fly

AiYn'U

[AsleepInYorkshire]

22nd January 2020
Boeing’s CEO expects 737 Max production to resume this spring
David Calhoun also said he believes passengers will fly on the Max when federal regulators say it is safe and they see airline pilots getting on the plane.

Boeing know that recent surveys have indicated only a very small decrease in the number of those who don't want to board the vehicle for travel. A significant number of those surveyed will not fly the Max.

The new CEO receives a $7m bonus to return the vehicle to service. He's not incentivised to ensure it's viable. Perhaps those who doubt Calhoun have some credence? Pilots boarded the Max before it fell out of the sky. Some were oblivious to the shortfalls of the vehicle. Some not convinced. Yet all boarded.

And are Boeing and the airlines incentivising the pilots, possibly indirectly?

This is a tired airframe. This is a company that has clearly failed to recognise or deliver its core value. To provide aircraft that can transport passengers safely between airports. Three hundred and forty six deaths cannot be swept under the corporate carpet. Not in a world where information travels faster than the rising of the sun.

AiYn'U

[AsleepInYorkshire]

23rd January 2020
At Boeing, growing debt and 737 Max doubts cloud quarterly earnings
On average, analysts expect Boeing to report GAAP per-share earnings that are more than 60% less than the year-ago quarter, and adjusted EPS down more than 90%. The sales hit is seen around 20% year-over-year.

AiYn'U