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$BA Was looking strong then caught up in the market sell off
By: Options Mike | April 23, 2022
• $BA Was looking strong then caught up in the market sell off.
How they guide on earnings this week so important to this one.
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Exclusive-Boeing tells airlines 787 deliveries to restart second-half 2022 -sources
By: Reuters | April 20, 2022
• Boeing Co has advised key airlines and parts suppliers that 787 Dreamliner deliveries would resume in the second half of 2022, a crucial landmark for an industry eager for a post-COVID recovery, three people familiar with the matter said.
SEATTLE/PARIS (Reuters) – Boeing Co has advised key airlines and parts suppliers that 787 Dreamliner deliveries would resume in the second half of 2022, a crucial landmark for an industry eager for a post-COVID recovery, three people familiar with the matter said.
Boeing’s swollen 787 inventory, amassed since it halted deliveries nearly a year ago over structural flaws, has locked up desperately needed cash and cut airline capacity.
Resuming deliveries is also key to Boeing’s plans for step-by-step 787 production increases in the coming months – vital to propping up a supply chain that has weathered successive crises.
A once-envisioned delivery target of April has already been pushed back to May with the expectation of further delays, the people said, as Boeing undertakes painstaking inspections and repairs for structural flaws in some 100 of the advanced composite jets, under scrutiny from more assertive U.S. air-safety regulators.
Boeing has stopped making public predictions on when it will win approval to resume deliveries. Boeing pegged the overall cost of the industrial snarl at $5.5 billion.
Two people familiar with the matter said that Boeing has told airlines that deliveries would resume during the second half of this year. One of the people added that a restart during the third quarter of 2022 was realistic. The people and other industry sources cautioned that targets have repeatedly slipped.
A Boeing spokesperson declined to comment, saying the FAA would determine when deliveries resume.
“As we’ve said, we are taking the time needed to ensure conformance to our exacting specifications,” the spokesperson said.
“Safety dictates the timeline,” an FAA spokesperson said.
In February, the agency revoked Boeing’s ability to self-certify 787 jets.
The FAA spokesperson added that it would retain that authority until the agency is confident that Boeing is building planes that meet its design standards, deliveries are stable and that Boeing “has a robust plan for the re-work that it must perform on a large volume of new 787s in storage.”
Investors will be eager for details on the 787 program when Boeing reports earnings on April 27.
The 787 problems have crimped airlines’ ability to ramp up capacity and triggered production rate cuts. That has hurt a supply chain already strained by the coronavirus crisis and the nearly two-year safety ban of the 737 MAX after fatal crashes.
Due to 787 delays, American Airlines Group Inc in February said it was suspending routes between Seattle and London, Los Angeles and Sydney, and Dallas and Santiago, among other operations changes.
American, which reports quarterly results on Thursday, declined to comment on the Boeing delivery schedule.
A United Airlines spokesperson referred to the carrier’s comments in January. United told analysts it originally expected to take delivery of as many as eight 787 jets in the first half of 2021, but that target moved to after the summer of 2022 – forcing it to cut capacity.
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Just out: "China says black boxes of crashed jet are severely damaged"
"BEIJING/SYDNEY (Reuters) -China's aviation authority said on Wednesday the black boxes of a China Eastern Airlines Boeing 737-800 jet that crashed last month were badly damaged and it was still recovering and analysing the data to help determine the cause."
[more] ...
https://news.yahoo.com/china-publishes-preliminary-findings-china-094134319.html
Boeing 475K Share #darkpool print at $187.25
By: Money Flow Mel | April 19, 2022
• $BA 475K share #darkpool print at $187.25.
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Several articles say that Chinese airline has resumed flying the 737-8000.
Boeing Reject at the 185 area, in it's defense was strong early in a weak market
By: Options Mike | April 17, 2022
• $BA Reject at the 185 area, in it's defense was strong early in a weak market. Feels like a dead cat bounce for now. over 185 maybe can push.
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I’m just wondering why we’ve not heard even a peep.
Those DFDR and CVR units looked to be in pretty good shape when found. I can’t imagine that they haven’t some sort of clue as to the cause of the crash.
If it was a pilot losing control of his senses, they might be giving China a bit of time to prepare statements and set up some sort of program to deal with the families of the crash victims.
I feel pretty certain that by this time, the data has been decoded and reviewed.
I’m surprised that we’ve heard nothing by now.
The truth should come out if it's in the flight recorders. US experts from NTSB and Boeing are said to be involved with downloading flight and voice recorders.
"China's aviation officials have said that there had not been any weather or other hazards endured by the flight on its route path. China Eastern said the plane, less than seven years old, had also passed all pre-flight checks.
There were three pilots, China Eastern officials said. The captain had 6,709 hours of flying experience, and the first and second officers had 31,769 hours and 556 hours respectively."
"the accident is still under investigation, and no conclusions have been drawn on the cause and nature of the accident yet."
https://www.business-standard.com/article/international/china-denies-online-rumours-blaming-co-pilot-for-plane-crash-killing-132-122041200370_1.html
The China airlines one?
There is something on the web that the co-pilot committed suicide, but I'm not sure if those are reliable sources??
There's rumors circulating abut the cause of the crash. Anybody hearing anything solid?
Boeing says 141 jet orders in limbo amid war in Ukraine
By: Eric M. Johnson | April 12, 2022
SEATTLE (Reuters) - Boeing (NYSE:BA) Co on Tuesday moved orders for 141 of its airplanes into accounting limbo due to the war in Ukraine and international sanctions against Russia, meaning it no longer expects the jets to be delivered.
Boeing unveiled the adjustment to its order backlog in monthly orders and deliveries data that also showed it had delivered 41 jets to customers in March.
The monthly deliveries tally included 34 of its cash-cow 737 MAX single-aisle jets, two 767 freighters for FedEx Corp (NYSE:FDX) and a 777 freighter for China Airlines.
The 41 March deliveries - nearly double the 22 it delivered in February and up from 29 a year ago - reflect rebounding travel and pandemic-driven cargo demand. Boeing said year-to-date deliveries stood at 95 aircraft.
However, deliveries of its 787 Dreamliner remain frozen as Boeing performs inspections and repairs on the twin-aisle jetliners sidelined by production problems for more than a year.
In March, Boeing booked orders for 53 planes, while customers canceled orders for 15 jets. Net of canceled orders and swapped models, Boeing had 38 orders, it said.
For the first three months of the year, Boeing's orders rose to 167 from 114, Boeing said. Taking out cases where customers canceled orders or swapped models, its orders stood at 145, up from 107, Chicago-based Boeing reported.
After adjustments for deals deemed unlikely to result in actual delivery, net orders for the quarter year to date dropped to 76 from 179, Boeing said.
Overall, Boeing's official order backlog fell to 4,231 from 4,375.
Boeing said the accounting adjustment included 141 aircraft removed from its backlog due to the war in Ukraine, which has resulted in international sanctions against Russia and ruined Ukraine's airline industry.
Boeing said most of the orders now in question were for Russian and Ukrainian carriers. The orders were mostly for its best-selling 737 MAX family of planes, though more than a dozen of its 777 and 787 widebody models were also involved.
Buyers canceled orders for 15 aircraft in March including one 737 MAX for lessor Aviation Capital Group, 11 737 MAX for an unidentified buyer, and one 787-9 Dreamliner each for Air China (OTC:AIRYY) and leasing company Avolon or its CIT subsidiary.
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Seems Boeing 737s are moving out the doors nicely again. 86 deliveries in Q1
https://finance.yahoo.com/news/boeing-announces-first-quarter-deliveries-150000622.html
Boeing $BA Not a pretty chart, Bear flag here maybe letting the 8D catch up a bit
By: Options Mike | April 10, 2022
• $BA Not a pretty chart, Bear flag here maybe letting the 8D catch up a bit. Gap @ 180 if it bounces, 167.5 recent low if not.
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Boeing Weekly Cycle - The most likely weekly cycle phasing in my opinion is the one in this chart
By: CyclesFan | April 9, 2022
• $BA weekly cycle - The most likely weekly cycle phasing in my opinion is the one in this chart. The last weekly cycle low happened in December. Since it has already broken below that low, it's most likely headed lower into the next weekly cycle low in July.
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Interesting article on a similar 757 hydraulic failure just a few years ago. I’ll bet the accident a few days ago likely was due to the same issues.
https://www.atsb.gov.au/media/5775982/ao-2018-014_final.pdf
Hopefully this link works.
The subject aircraft in the article made it safely down, without incident.
Does one have to be a SA member to read the comments? Didn't know that.
There are about 54 comments in this case. You need to sign up for SA (free). Many of the articles are good (but some shills) but the comments are often the best part.
https://seekingalpha.com/news/3822040-boeing-drops-after-cargo-jet-skids-off-runaway-in-costa-rica-splits-in-half
Just looked at it again. Looks like shortly after the tires started to issue smoke, you can see the rudder kick over and the aircraft ground looped.
Possibly he was coming to the end of the runway and ground looped it intentionally?
Although it looks like the rudder moved to the left, which would’ve indicated an attempt to turn the aircraft to the left? But it went to the right….
Got that one to play.
Pretty interesting. I can’t see where he touched down on the runway but it looks like it’s near the start.
Flaps were out, so his landing speed was probably pretty much by the book. Spoilers were out too, so there must’ve been some sort of hydraulic system still operating.
I didn’t see either TR deployed.
Wonder how much fuel and cargo he had on board. If he was loaded, it would have added to the length required to stop it.
If he didn’t have the TR’s and no anti skid, and was heavy with fuel and cargo? Might not have had a prayer to stop it. He had to use the brakes HARD, the tires flat spotted and blew. Subsequent ground loop.
I can read the article, but the comments won't load...
Below is a direct link to YouTube. Maybe that will work?
You can see the spoilers are deployed and the flaps look full down. When the plane emerges from behind the fire truck I'm guessing it's about 2/3 of the way down the 9.900 ft. runway. The left TR is clearly stowed but maybe the right one is open? Just as it comes abeam of the camera it's slowing nicely, but then the mains lock up and the plane starts to skid into a ground loop.
Don’t know much about the systems on a 747 - never worked on one.
But I do believe you are correct. Probably the anti-skid system was compromised by the lack of valid hydraulics and either didn’t work at all or was limited in its effectiveness.
The runway wasn’t icy. I don’t know if it had water on it due to weather conditions. And I don’t know the runway length or where he touched down in the landing sequence (wasn’t able to open that YouTube link to watch it). All those things would affect the distance of the roll out.
If it was a complete hydraulic failure and they couldn’t get the flaps out, the speed over the fence would’ve been increased quite a bit. And did you say the TR’s were (or were not) deployed? If not, even more runway length would be needed.
Probably you’re right about pilot error. That’s the most prevalent cause of mishaps.
But still - this may have been just one of those accidents where a series of unfortunate events piled up and the aircraft simply ran out of runway, no matter what the pilot could do.
They locked the brakes at the end of the landing roll and blew out tires. I've got no doubts about it. Probably got below minimum TR speed, stowed the TRs then switched to brakes and locked them. You can see the tires start smoking right at the end of the roll-out.
I'm guessing with the hydraulic failure he must have gone to an alternate brake system and had no anti-skid protection? He had it made, he should have stayed off the brakes.
Despite the hydraulic failure, I'm gonna label that one Pilot Error.
Maybe Jetmek can weigh in on this?
Boeing (BA) PT Lowered to $230.00 at Morgan Stanley
By: MarketBeat | April 8, 2022
• Boeing (NYSE:BA - Get Rating) had its price objective dropped by equities research analysts at Morgan Stanley from $288.00 to $230.00 in a report released on Friday, Benzinga reports. The firm presently has an "overweight" rating on the aircraft producer's stock. Morgan Stanley's price target points to a potential upside of 29.24% from the stock's current price...
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Saw the ugly photo of the DHL 757 split in half. Note that 757s were made from 1981-2004
https://en.wikipedia.org/wiki/Boeing_757
Another Boeing crash. Cargo 757 this time: https://www.cnn.com/travel/article/costa-rica-airport-dhl-emergency-landing/index.html
What's funny is the guy who gets mad at me if I'm not pumping Boeing "to da moon" (or "to da max") with every post. My interest in Boeing is very long term.
Thanks Porgie, I hadn't read about that Air France incident.
Another crap story about Boeing in regards to the Airforce One aircraft.
NOTHING happened to the plane! COULD something have happened? Sure.
The story was derogatory in nature and was based on the fact that some procedures weren't followed correctly and that some personnel did not have the correct qualifications.
Did anything actually happen though? Nope.
Does this make the fact that Boeing did some things wrong during the build process any less distressing? Nope. It shouldn't have happened and I'm disappointed it did.
But there was NO damage, NO loss of life.
I looked up the writer's bio. He's a relatively young man who has never been in aviation. A political science major in college.
But he did his job. He crafted a very sensationalized piece that was obviously published to damage Boeing and get readers.
Thanks. Looking at one year chart trend has been lower highs and lower lows.
There was an incident with an Air France 777 yesterday which is probably getting reported a little hysterically - in my opinion.
https://www.foxnews.com/world/air-france-pilots-potential-disaster-new-york-paris-flight-plane-unresponsive
https://www.dailymail.co.uk/news/article-10688807/Terrifying-moment-Air-France-flight-New-York-Paris-forced-abort-landing.html
No real information in either of those articles.
Boeing's main competitors are all up amid a very weak stock market. Lockheed and Northrop are way up. BA down 1.5% now
Yeah, that one from yesterday is no fun. But what about:
Boeing Partners With Microsoft, Amazon, Google For Cloud Services
9:37 am ET April 6, 2022 (Benzinga) Print
Boeing Co (NYSE: BA) is deepening its strategic relationship with Microsoft Corp. (NASDAQ: MSFT) to drive its digital transformation.
Boeing will use the Microsoft Cloud and its AI capabilities to upgrade its technology infrastructure and mission-critical applications with intelligent new data-driven solutions, opening up new ways of working, operating, and conducting business.
Boeing also expanded its relationship with Amazon.com, Inc. (NASDAQ: AMZN) Amazon Web Services, Inc. (AWS), extending its cloud operations and streamlining its approach to cloud computing.
Boeing has selected AWS as a strategic cloud provider and will use AWS's cloud portfolio to strengthen its digital foundations for engineering and manufacturing.
Aside from the cloud relationship, Amazon Air has expanded its fleet to more than 110 Boeing planes to facilitate the delivery of goods to Amazon clients worldwide.
Boeing also partnered with Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) to support its cloud transformation by migrating hundreds of applications across multiple business groups and aerospace products to Google Cloud.
Price Action: BA shares are trading lower by 2.17% at $178.66 on the last check Wednesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
And:
Atlas Air Worldwide Holdings' Subsidiary Titan Aviation Investments And Amerijet International Announce Long-Term Dry Lease Agreements For Three Boeing 757 Aircraft
8:17 am ET April 6, 2022 (Benzinga) Print
Titan Aircraft Investments, the joint venture between Titan Aviation Holdings, Inc. and Bain Capital Credit, today announced the placement of three Boeing 757-200SF converted freighters on long-term dry leases with Amerijet International Inc. to support its network in Central America and the Caribbean. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW), will manage these assets.
"We are delighted to welcome Amerijet as a strategic customer and to support its long-term expansion plans. This partnership underscores the trust our customers have in Titan's expertise in freighters," said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.
"I'm incredibly proud of our employees who worked tirelessly to bring the B757 project to fruition. These aircraft will be a wonderful addition to our fleet, giving us a platform for continued growth as we approach 50 years of continuous service from our home base in Miami, Florida," said Tim Strauss, Amerijet's Chief Executive Officer.
Titan Aviation Holdings and Bain Capital Credit formed a long-term joint venture in 2019 to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately $1 billion. The long-term joint venture capitalizes on demand for cargo aircraft, underpinned by robust e-commerce and express market growth.
Under the joint venture, Titan provides aircraft- and lease-management services.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
So, nothing but good news releases this morning, and this tanks even harder right out of the gate? So..... should we expect a $2-3 drop is SP with every positive article/news? Stripping this down to 52-wk low?
Why the steady drop, is it possible the voice recorder contents has been told to someone outside of the investigation? I thought 184 and change was the bottom and the reversal would start at that point, wrong on my part. I picked up 40 contracts on this dip, I figure we still have the remainder of the day and then 3 more trading days for the week. I also believe when they release or describe what the pilots were saying regarding the crash, the stock will pop back up.
I have a hard time believing that there was a mechanical malfunction because for one, the video showed the plane virtually vertical and going straight down and secondly, the jet was accelerating to almost the speed of sound prior to the crash. That being said, 2 mechanical malfunctions would have had to occur for that scenario, a horizontal stabilizer and elevator would have had to fail to go into a dive sequence and then there would have had to been a failure causing the propulsion to accelerate as the jet was descending.
What is your opinion on the crash in China? I believe it was a pilot who lost his or her mind!
Here comes the reversal… $200.00 here we come!!!
Looking good..a reversal any day and Boeing will see $265.00 to $288.00 again..
10% down from full capacity still puts Boeing on paper above $300.00 a share
TSA air travel numbers still about 10% below 2019 pre-pandemic levels
https://www.tsa.gov/coronavirus/passenger-throughput
BA - Boeing Co. Wedge broke to the upside, 50D now resistance.. Should know more on China plane in a few days
By: Options Mike | April 3, 2022
• $BA Wedge broke to the upside, 50D now resistance.. Should know more on China plane in a few days.
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Agreed, $BA had decent news out, so I think it’ll bounce.
Not surprised. Not many were up.
Whole market was down. Every index was down 1.5% today.
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