Boeing 737 Max 8
#331
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Re: Boeing 737 Max 8
Looks like its going to be even longer.
https://www.cbc.ca/news/business/boe...ll_oxxO8hleDDQ
June or July Boeing say's now as regulators push back possible approval.
https://www.cbc.ca/news/business/boe...ll_oxxO8hleDDQ
June or July Boeing say's now as regulators push back possible approval.
#332
Re: Boeing 737 Max 8
Looks like its going to be even longer.
https://www.cbc.ca/news/business/boe...ll_oxxO8hleDDQ
June or July Boeing say's now as regulators push back possible approval.
https://www.cbc.ca/news/business/boe...ll_oxxO8hleDDQ
June or July Boeing say's now as regulators push back possible approval.
#333
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Joined: Jan 2006
Posts: 0
Re: Boeing 737 Max 8
While Boeing say's they wont lay anyone off, some 2,800 people who work at Spirit AeroSystemsin Kansas have been laid off, they provide the fuselage and other components have been, so job losses are occurring because of this, just not at Boeing directly.
Last edited by scrubbedexpat091; Jan 23rd 2020 at 4:16 am.
#334
Re: Boeing 737 Max 8
I can understand why the Boeing board would want to continue to pay dividends, but, if true, it's short sighted given...
"CNBC: Boeing to take $10 billion loan to cover 737 MAX fallout. Boeing is in talks to borrow $10 billion or more, as the company copes with rising compensation claims from two fatal 737 Max crashes in the last two years, CNBC reports. ... What's next: Boeing will report its quarterly earnings on Jan. 29"
Looks like the new Bean Counter needs more beans to shore up the bean account. What he really needs is a magic bean, the last CEO planted his magic bean, climbed the beanstalk, reached the very top, found the goose, but it didn't lay golden eggs, it laid broken ones and when everyone found out he and his eggs fell to earth, and the goslings.. well they just couldn't fly.
"CNBC: Boeing to take $10 billion loan to cover 737 MAX fallout. Boeing is in talks to borrow $10 billion or more, as the company copes with rising compensation claims from two fatal 737 Max crashes in the last two years, CNBC reports. ... What's next: Boeing will report its quarterly earnings on Jan. 29"
Looks like the new Bean Counter needs more beans to shore up the bean account. What he really needs is a magic bean, the last CEO planted his magic bean, climbed the beanstalk, reached the very top, found the goose, but it didn't lay golden eggs, it laid broken ones and when everyone found out he and his eggs fell to earth, and the goslings.. well they just couldn't fly.
Last edited by dave_j; Jan 23rd 2020 at 6:05 am.
#335
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Joined: Jan 2006
Posts: 0
Re: Boeing 737 Max 8
Air Canada has reduced its 737 MAX orders by 11 aircraft. Still has 26 on order.
https://business.financialpost.com/t...box=1583946714
https://business.financialpost.com/t...box=1583946714
#336
Re: Boeing 737 Max 8
Boeing might not have hit the buffers just yet but they're within sight just down the line.
It's announced that it'll be calling on the remainder of the $13.8B loan it arranged earlier in the year and this resulted in the Boeing share price falling 16% as I write. This in turn has contributed in dragging the Dow Jones down 1600 or 6%.
And the MAX is still not certified to fly.
And airlines looking to cut back as passenger numbers plummet will not want more capacity.
A perfect storm.
Muilenberg and his board have a great deal to answer for.
#337
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Joined: Jan 2006
Posts: 0
Re: Boeing 737 Max 8
Yes...
Boeing might not have hit the buffers just yet but they're within sight just down the line.
It's announced that it'll be calling on the remainder of the $13.8B loan it arranged earlier in the year and this resulted in the Boeing share price falling 16% as I write. This in turn has contributed in dragging the Dow Jones down 1600 or 6%.
And the MAX is still not certified to fly.
And airlines looking to cut back as passenger numbers plummet will not want more capacity.
A perfect storm.
Muilenberg and his board have a great deal to answer for.
Boeing might not have hit the buffers just yet but they're within sight just down the line.
It's announced that it'll be calling on the remainder of the $13.8B loan it arranged earlier in the year and this resulted in the Boeing share price falling 16% as I write. This in turn has contributed in dragging the Dow Jones down 1600 or 6%.
And the MAX is still not certified to fly.
And airlines looking to cut back as passenger numbers plummet will not want more capacity.
A perfect storm.
Muilenberg and his board have a great deal to answer for.
Not sure Muilenberg cares much at this point considering he was fired in December.
#339
Re: Boeing 737 Max 8
Hard times have come for Boeing suppliers: https://bringatrailer.com/listing/2006-ford-gt-15/
#340
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Posts: 0
Re: Boeing 737 Max 8
Boeing in talks to secure funding from US Government for itself and the aviation sector.
I wonder if Boeing could solve the MAX issue by going Chapter 11, between that issue and now the virus the commercial sector of aviation wont need new airplanes for possibly several years, deal with several issues at once, Chapter 11 would protect them from the MAX fall out. I could see a Chapter 11 reorganization possible, maybe even spin off Boeing commercial into its own entity away from the parent.
I do hope not too many bought Boeing stock when it was high, its at 129.61 currently, 18 March 2019 it was 372.28 and was at $344 still a month ago, incredible drop in value.
I wonder if Boeing could solve the MAX issue by going Chapter 11, between that issue and now the virus the commercial sector of aviation wont need new airplanes for possibly several years, deal with several issues at once, Chapter 11 would protect them from the MAX fall out. I could see a Chapter 11 reorganization possible, maybe even spin off Boeing commercial into its own entity away from the parent.
I do hope not too many bought Boeing stock when it was high, its at 129.61 currently, 18 March 2019 it was 372.28 and was at $344 still a month ago, incredible drop in value.
Last edited by scrubbedexpat091; Mar 17th 2020 at 4:07 am.
#341
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Posts: 0
Re: Boeing 737 Max 8
Boeing and Transport Canada have worked out a novel way to skirt closed borders so that the Canadian aviation regulator can run its own tests of revamped flight-control software on the grounded 737 Max.
Transport Canada will be the first foreign regulator to do test flights for the MAX, the FAA appears to have completed theirs and is in the 45 day window for the public to make comments, looking like a possible mid fall to early winter re-certification in the US if all goes well.
Boeing will fly a 737 MAX to an airport in the lower mainland (its either going to be Vancouver Airport or Abbotsford.) and pick up Transport Canada inspectors, flights will be conduced over several days in US airspace, and the aircraft will return to Canada to drop off the Transport Canada inspectors.
Transport Canada will be the first foreign regulator to do test flights for the MAX, the FAA appears to have completed theirs and is in the 45 day window for the public to make comments, looking like a possible mid fall to early winter re-certification in the US if all goes well.
Boeing will fly a 737 MAX to an airport in the lower mainland (its either going to be Vancouver Airport or Abbotsford.) and pick up Transport Canada inspectors, flights will be conduced over several days in US airspace, and the aircraft will return to Canada to drop off the Transport Canada inspectors.
#342
Re: Boeing 737 Max 8
Possibly mentioned before, but it seems the rename of the Max 8 to 737-8 might be getting more official
https://www.msn.com/en-us/travel/new...-8/ar-BB189PAK
https://www.msn.com/en-us/travel/new...-8/ar-BB189PAK
#344
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Re: Boeing 737 Max 8
Which was expected. Boeing being US manufacturer the FAA has to be the first to certify as they have primary jurisdiction.
However the FAA worked closely with other regulators this time around including Canada, EU and other countries, so wasn't the FAA going alone like usual and then providing the data, other countries were actively involved.
Transport Canada conducted their flight tests about a month ago over a period of several days in Washington State, as well are reviewed simulator training, and other items.
Transport Canada is near the end of their review, and likely will certify in the next 1-2 months, EU is expected to certify in the next 1-2 months as well.
#345
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Re: Boeing 737 Max 8
As for airlines in the US.
American plans to begin MAX service December 29 on one route for the first week, Miami to New York, they will begin non-commercial flights earlier in December to showcase their confidence in the plane, management and others will presumably be the passengers in these non-commercial flights.
Southwest no earlier than 2nd quarter 2021, possibly later, they have no pressing need to return them to service quickly due to COVID and reduction in service and passengers.
United is planning sometime in the 1st quarter.
Alaska has yet to receive any of their deliveries as the plane was grounded before their first one was delivered, they anticipate first delivery in January and first flight sometime in spring 2021.
Delta ordered no MAX aircraft and have none in their fleet.
American plans to begin MAX service December 29 on one route for the first week, Miami to New York, they will begin non-commercial flights earlier in December to showcase their confidence in the plane, management and others will presumably be the passengers in these non-commercial flights.
Southwest no earlier than 2nd quarter 2021, possibly later, they have no pressing need to return them to service quickly due to COVID and reduction in service and passengers.
United is planning sometime in the 1st quarter.
Alaska has yet to receive any of their deliveries as the plane was grounded before their first one was delivered, they anticipate first delivery in January and first flight sometime in spring 2021.
Delta ordered no MAX aircraft and have none in their fleet.