More Boeing Bad News

[TheGreenGoblin]

You Boeing bigots.! What about us, Bombardier boys...

[Pontius Navigator]

Would you buy Boeing shares?

Yes but only if it hits $280. Got down to $314 in some increased volume yesterday but recovered higher.

Even $280 doesn't meet my investment criteria. Cover and yield too low though growth potential at $280 ok.

I would look at Fiat Chrysler

[Slasher]

280 or less for an eventual 400+ sell In my case PN.

[Pontius Navigator]

Yes, that meets my sell criteria but the question would be how long to recover.

[Ex-Ascot]

Yes, that meets my sell criteria but the question would be how long to recover.

Ah, now then, then now. One has to look at the new management. CEO David Calhoun. he is not an engineer or pilot but a bean counter. It was the bean counters who rushed the Max onto line without going through thorough flight testing which resulted in these two tragic accidents. I would not invest in this company with this guy at the helm.

Thread drift. Lost a load of dosh on the markets in the last week but I think Brexit will see us quids in. Good old Boris. Must buy him a new suit and tie. A haircut would help as well.

[Slasher]

Not to mention a bloody comb!

Looking at him he reminds me of Barney Rubble.

[Boac]

From 'Fortune'

HEADLINE: In the wake of Boeing’s historic loss, analysts say the company may be underestimating MAX costs

ARTICLE: Boeing's new chief executive, David Calhoun, assured investors Wednesday that the company will recover from the 737 MAX crisis, even as it posted its first annual loss in more than 20 years. He seemed to absolve himself of any responsibility he had as a board member during a time that Boeing put its commitment to shareholder payouts into overdrive. As a board member, "I simply had a front-row seat to everything you saw," Calhoun said on Wednesday's earnings call

Not me, boss. Unbelievable.

[PHXPhlyer]

https://www.cnn.com/2020/02/03/business ... index.html

How the Boeing 737 Max crisis is hurting the plane's biggest buyer in Europe
By Hanna Ziady, CNN Business

Updated 9:41 AM ET, Mon February 3, 2020


Just six months ago, Europe's biggest low-cost airline was banking on having 30 737 Max jets by summer 2020. That was already fewer than the original plan for 58 deliveries, but would have allowed it to carry more passengers during the peak holiday travel season.
Now it expects to take delivery of the first planes only in September or October this year, Ryanair (RYAAY) CEO Michael O'Leary said on Monday.
That will delay its goal to carry 200 million passengers by 2024 at least until 2025 or 2026, O'Leary said on an earnings call.
The 737 Max was grounded following two fatal crashes. Boeing says it doesn't expect the plane to be approved to fly until the middle of this year, but the US Federal Aviation Administration said late last month that it could get approval before then.
There's a lot at stake for both Boeing (BA) and Ryanair, which is already seeking compensation from the planemaker for losses it has suffered as a consequence of the grounding.
Ryanair is Boeing's largest European customer for the 737 Max, according to a Boeing spokesperson, with orders for up to 210 of the jets. The advantage for carriers, particularly low-cost airlines such as Ryanair, is that the plane carries 4% more passengers and consumes up to 20% less fuel than today's most efficient commercial aircraft, according to Boeing.
"We believe this is a great aircraft," said O'Leary, adding that Ryanair pilots have received training in flight simulators and report that it "handles brilliantly."
The airline is discussing the pricing of the 737 Max aircraft with Boeing and also possible reimbursements for losses caused by the delayed deliveries, O'Leary said.
"Those discussions continue but can't be finalized until we have a revised delivery schedule," he added, noting that Ryanair has postponed all pre-delivery payments to Boeing.
The delay to deliveries of 737 Max jets means Ryanair has had to close a number of loss-making winter bases in Spain, Germany and Sweden. "More closures cannot be ruled out," Ryanair finance chief Neil Sorahan said on the earnings call.
Ryanair carries 154 million passengers. It plans to open 111 new routes this summer, O'Leary said.
Lower capacity growth had driven slightly higher fares over the three months to December 31, a trend that is expected to continue this summer, he added.
Ryanair reported net profit of €88 million ($97.4 million) for its fiscal third quarter, up from a loss of €66 million ($73 million) in the same quarter of the previous year.
The airline said it still expects profit for the full fiscal year of between €950 million ($1 billion) and €1.5 billion ($1.7 billion), compared with profit of €1.02 billion ($1.1 billion) the previous year.

[TheGreenGoblin]

RyanaIr, the kind of airline that, if they were in the USA, would tell you that they were flying to LAX and then drop you off at Rancho Cucamonga leaving the poor passenger to do a Jack Benny...

[Boac]

.....or to Kansas and drop you off in Missouri?

[TheGreenGoblin]

.....or to Kansas and drop you off in Missouri?

Trump Air Head

The president had been facing fresh ridicule after tweeting his congratulations to the Kansas City Chiefs after they won Super Bowl LIV by saying they represented “the Great State of Kansas... so very well” when the team is, in fact, based in Missouri (though half of Kansas City is indeed in Kansas).

[ian16th]

Boeing 737 MAX Production Increases Could be a Whisper, Not a Roar.

[PHXPhlyer]

https://www.azfamily.com/news/us_world_ ... 85054.html

A new software glitch was discovered on Boeing's 737 Max
By Chris Isidore, CNN Business
Updated 17 min ago | Posted on Feb 6, 2020
A new software glitch was discovered on Boeing's 737 Max
A new software issue has been discovered on the Boeing 737 Max, but the company said it does not think it will further delay its return to service. A number of Southwest Airlines Boeing 737 MAX aircraft are parked at Southern California Logistics Airport on March 27, 2019.

Mario Tama/Getty Images
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A new software issue has been discovered on the Boeing 737 Max, but the company said Thursday it does not think it will further delay its return to service.

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The company said the issue involves an indicator light staying on longer than intended. The light is associated with the stabilizer trim system, which raises and lowers the plane's nose.

Boeing said the problem was discovered during flight testing of the 737 Max's updated software. It said the problem was with the inputs into the plane's flight control computers.

"We are incorporating a change to the 737 Max software prior to the fleet returning to service to ensure that this indicator light only illuminates as intended."

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The 737 Max has been grounded worldwide since March following two fatal crashes that killed 346 people. The crashes have been linked to a safety system designed to force down the nose of the plane in case it was climbing too fast and was at risk of stalling. Boeing has been working on a fix of the software on that system for more than a year.

Since its grounding, investigators and Boeing engineers have identified several other issues with the plane. Boeing let the FAA and its airline customers know about the problem with the light during the week of Jan. 20, the company said. It was revealed publicly on Thursday by Federal Aviation Administration Administrator Steve Dickson when he was answering reporters' questions following remarks in London.

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The same week Boeing disclosed the problem with the light to the FAA, it announced publicly that it believed the Max would not be approved to return to service until the middle of this year.

Asked Thursday about when the jet might fly again, an FAA spokesperson repeated, "there is no set timeframe for when the aircraft will be cleared for return to passenger service. It will be approved only after our safety experts are fully satisfied that all safety-related issues are addressed to the FAA's satisfaction."


pp

[Boac]

an indicator light staying on longer than intended.

- is that the one that says 'Frank - we're gonna die'?

84933.jpg (70.09 KiB) Viewed 451 times

[barkingmad]

Just heard on MSM radio news;

https://www.bbc.co.uk/news/business-51407951

Fair enough, I’d expect anyone who’s going to say this ship and it’s siblings are safe to put his neck where it belongs.

They’ve still gotta get the latest warning light software bug debugged. Bring back some decent clunky hardware!

[boing]

https://thehill.com/policy/transportati ... -starliner

"We don't know how many software errors we have — if we have just two or many hundreds," Loverro said. "[The] bottom line is that industry is very bad at doing software."
Boeing, he said, very well may have had "a good program, but it was not executed correctly," according to the Post.

"The bottom line is that the industry is very bad at doing software"

I'll fix that for you.
"The bottom line is that the inept, low-dollar, non-subject qualified programmers who do not work closely alongside pilots and engineers, that the industry uses are very bad at doing software"

.

[PHXPhlyer]

https://www.nbcnews.com/business/busine ... h-n1134861


Boeing got zero orders for its planes last month
Boeing's competitor, Airbus, logged orders for 274 planes in January.
Image: Boeing 737 Max airplanes at the tarmac of the Boeing Factory in Renton, Washington, on March 21, 2019.
Boeing 737 Max airplanes on the tarmac at the company's factory in Renton, Washington, on March 21, 2019.Lindsey Wasson / Reuters file
Feb. 11, 2020, 9:40 AM MST / Source: CNBC.com
By Phil LeBeau, CNBC
Boeing posted a slow start to 2020, recording zero orders for new airplanes in the month of January.

The lack of orders last month stands in contrast to its competitor Airbus, which logged orders for 274 commercial airplanes in January.

January is the latest month without orders following the grounding of the 737 Max in March of 2019.

Boeing recorded a negative order rate in 2019 — for the first time in decades — as customers canceled or converted orders. In January, Boeing did not have any order cancellations.

Meanwhile, the company delivered 13 new airplanes in January, including six 787 Dreamliners, a pair of 777s, two 767s and three 737NGs.

With the company’s beleaguered 737 Max still grounded, Boeing did not deliver any Max models in January. The plane’s software was at the center of two fatal crashes that killed a combined 346 people.

Investors and industry insiders have grown accustomed to Boeing’s low rate of orders and deliveries since production of the 737 Max halted earlier this year. Boeing has said it expects the Max to be recertified and for regulators to lift the grounding of the Max by the middle of 2020.

The head of the Federal Aviation Administration, Steve Dickson, has told executives with Southwest Airlines, American Airlines and United Airlines that he is encouraged by the progress Boeing has made in fixing problems with the Max. On Tuesday at the Singapore Air Show, Dickson told reporters there could be a certification flight for the Max within weeks.

PP

[Ibbie]

I notice that TUI has joined the growing number of airlines purchasing available second hand 737NGs on the market.
They are seeking nine.

[Rwy in Sight]

Who would believe that a previous model would be more sought after the current one.

[ian16th]

Spirit had been undergoing a crucial transition to Max production in 2018, lifting the monthly rate to 52 while also coping with a design which, it says, is 35% different from the 737NGs built on the same fuselage assembly lines.

Did Boeing mention the 35% difference to the FAA, when they were asking for 'standard' 737 type approval?