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Boeing Names New CEO As 737 Max Struggles Continue, Says Change Necessary To Restore Confidence
Monday, December 23, 2019 - 10:43am | 498Read More...Boeing Co (NYSE: BA) CEO Dennis Muilenburg has resigned effectively immediately, the plane manufacturer announced Monday, and current Chairman David Calhoun has been named as CEO and president beginning Jan. 13. Boeing Chief Financial Officer Greg Smith will serve as interim CEO during...
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Boeing Supplier Spirit AeroSystems Halts 737 Max Production, Says 50% Of Revenue Affected
Friday, December 20, 2019 - 10:39am | 375Read More...Spirit AeroSystems (NYSE: SPR) shares were trading lower Friday after the company said it will suspend all 737 Max production and deliveries to Boeing (NYSE: BA) effective Jan. 1 due to Boeing's suspension of production of the grounded aircraft. Spirit Hit Hard By 737 Max...
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PreMarket Prep Recap: Boeing Approaches Key Technical Level, Amazon Forgoes Holiday Spirit With FedEx
Tuesday, December 17, 2019 - 3:21pm | 574Read More...Tuesday's PreMarket Prep Show picked up where it left off on Monday, discussing the suspension of 737 Max production by Boeing Co (NYSE: BA) and its potential impact on the share price of the world's largest aircraft producer. News about the relationship between FedEx Corporation...
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Southwest Airlines Pushes Back Schedule For 737 MAX Until April
Tuesday, December 17, 2019 - 2:26pm | 691Read More...The ripple effects of the worldwide flight ban of the Boeing 737 MAX continue to spread and cause financial harm. One day after Boeing Co. (NYSE: BA) declared that it would temporarily shut down the troubled plane's production line in January, Southwest Airlines (NYSE: LUV) said it is removing the...
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Experts React To Boeing's Confirmation Of 737 Max Production Halt
Tuesday, December 17, 2019 - 11:20am | 501Read More...Aircraft maker Boeing Co (NYSE: BA) confirmed Monday that it will temporarily pause production of its 737 Max jet. Investors may want to prepare for the possibility that production will never resume, according to Quilvest Wealth Management's Bob Parker. Boeing's Other Problems Boeing's...
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Breaking: Boeing Halts 737 MAX Production As FAA Certification Drags Out
Tuesday, December 17, 2019 - 9:51am | 870Read More...The Boeing Co. (NYSE: BA) said Monday it is suspending production of its bestselling 737 MAX jetliner after U.S. regulators last week indicated they wouldn't lift a flight ban for the faulty plane until next year. Anticipation of the move sent shares tumbling 5.2% to close at $323.85. The Dec. 16...
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PreMarket Prep Recap: Market At All-Time-Highs, But Not All News Is Good News
Monday, December 16, 2019 - 7:26pm | 836Read More...Although the indexes were firmly in the green during Monday's PreMarket Prep show, the co-hosts were discussing two issues that were deep in the red at the top of the broadcast. Headline Risk Is The Reality When Owning Or Shorting Boeing Ever since two fatal crashes led to the grounding of...
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Boeing Suspends 737 Max Production Beginning In January
Monday, December 16, 2019 - 6:39pm | 386Read More...Boeing Co (NYSE: BA) announced Monday that it will suspend production of the belegeaured 737 Max jet in January. The aircraft has been grounded worldwide in the wake of two deadly crashes: a Lion Air flight in Indonesia in October 2018 and an Ethiopian Airlines flight in March. Together, the...
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Boeing Could Reportedly Stop Or Reduce Production Of Grounded 737 MAX
Monday, December 16, 2019 - 8:47am | 335Read More...Boeing Co (NYSE: BA) is considering halting or cutting back production of its grounded 737 MAX aircraft after the Federal Aviation Administration said it would not approve its return to service before 2020, The Wall Street Journal reported Sunday, citing people familiar with the matter....
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American Airlines Extends 737 MAX Cancellations Until April
Friday, December 13, 2019 - 9:56am | 817Read More...American Airlines (NASDAQ: AAL) said Thursday it is pushing back scheduling passengers on its Boeing Co (NYSE: BA) 737 MAX jetliners until April 7, adding further expense and capacity constraints to its system. The news comes one day after Federal Aviation Administration head Stephen Dickson...
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Boeing Will Compensate Southwest Air Employees For 737 MAX Groundings
Thursday, December 12, 2019 - 8:42am | 298Read More...Southwest Airlines Co. (NYSE: LUV) on Thursday reached a confidential agreement with Boeing (NYSE: BA) to compensate Southwest for projected financial damages related to the grounding of the airline's Boeing 737 MAX aircraft. It's estimated the profit sharing accrual will be $125 million....
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Boeing Is Redesigning 7,000 Planes. It's Not What You Think.
Wednesday, December 11, 2019 - 1:09pm | 971Read More...Boeing Co (NYSE: BA) is committing to work on a redesign of engine inlets and engine fan cowls on its older generation 737s at the urging of federal regulators. The move follows a recommendation from the National Transportation Safety Board, which said the redesign is needed to avoid incidents like...
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Boeing Whistleblower To Testify Wednesday
Tuesday, December 10, 2019 - 4:53pm | 423Read More...A retired Boeing Co (NYSE: BA) senior manager will testify Wednesday before Congress about concerns he said he expressed internally months ago about possible safety problems with the 737 Max aircraft — concerns he said went largely unheeded. Whistleblower Ed Pierson, who will testify...
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FAA Head: Plane Approval Process Needs To Be More Holistic, Cooperative
Monday, November 18, 2019 - 12:52pm | 538Read More...Federal air safety regulators may get more involved in the design of new planes from the beginning as part of a fundamental shift in how new aircraft are certified to fly. Federal Aviation Administrator Stephen Dickson said in an interview over the weekend with The Wall Street Journal that...
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Boeing: 737 MAX Deliveries Could Resume In December
Monday, November 11, 2019 - 1:48pm | 377Read More...Boeing Co (NYSE: BA) shares were trading higher Monday after the company said deliveries of the 737 Max could resume in December. Boeing's priority remains the safe return to service of the 737 Max and supporting its airline customers through this challenging time, the company...
















