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https://www.msn.com/en-us/money/companies/boeing-stock-nosedives-as-737-plane-production-halted/ar-BB1hbT2x
https://www.msn.com/en-us/money/news/faa-calls-for-checks-on-another-boeing-737-model/ar-BB1h5b8y
737 passengers will now be required to show possession of carry-on personal toolkit prior to boarding
NEWS ALERT: FAA Clears Path for Boeing 737 MAX 9 to Resume Flying
U.S. air-safety regulators said they will permit grounded Boeing 737 MAX 9 jets to resume flying after airlines complete inspections, following a near-catastrophe on an Alaska Airlines flight.
Wall Street Journal
Boeing improperly reinstalled Alaska Airlines MAX 9 fuselage panel, not Spirit AeroSystems - Seattle Times
By: Investing | January 24, 2024
According to a report from the Seattle Times on Wednesday, the fuselage panel that blew off an Alaska Airlines jet was reinstalled improperly by Boeing (NYSE:BA) mechanics.
Citing a source familiar with the matter, the publication said the panel was removed for repair before being improperly reinstalled by Boeing mechanics on the Renton final assembly line.
Spirit AeroSystems (SPR) originally installed the panel into the 737 MAX 9 fuselage, but if the Seattle Times source is correct, it would mean Boeing is primarily at fault for the accident.
The incident has resulted in significant scrutiny and criticism of Boeing's quality control systems and safety culture.
The Seattle Times also noted that an anonymous whistleblower said last week that "the reason the door blew off is stated in black and white in Boeing's own records." That whistleblower is said to appear to have access to Boeing's manufacturing records of the work done assembling the specific Alaska Airlines jet.
The publication spoke with Ed Pierson, a former manager of the MAX production line and himself a whistleblower, who appeared to agree with the claims made by the previous whistleblower, saying the quality control failures were "very consistent with what I saw in the factory personally."
Read Full Story »»»
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An anonymous source claiming to work for Boeing is saying the door was removed and reinstalled by Boeing in Renton:
https://www.seattletimes.com/business/boeing-aerospace/boeing-not-spirit-mis-installed-piece-that-blew-off-alaska-max-9-jet/#:~:text=Passengers%20on%20Flight%201282%20were
Boeing to pause 737 production for quality stand down on Thursday
By: Investing | January 23, 2024
WASHINGTON (Reuters) -Boeing will hold a quality stand down Thursday at the Seattle-area location where it makes 737 aircraft, pausing production and delivery operations for a day, the company announced on Tuesday.
During the stand down, employees will attend quality workshops and "pause, evaluate what we're doing, how we're doing it and make recommendations for improvement," said Boeing (NYSE:BA) Commercial Airplanes President Stan Deal.
The first stand down will occur at the Renton, Washington-area factory where the 737 is built. All other Boeing commercial production facilities and fabrication sites will have stand downs over the next few weeks, Boeing said.
Boeing announced it would hold sessions with workers on Jan. 16 as part of a larger list of actions it is taking after the grounding of a portion of the 737 MAX 9 fleet earlier this month following a mid-air cabin panel blowout on an Alaska Airlines jet.
Read Full Story »»»
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Boeing (BA) Stock Blitzed by Options Bears
By: Schaeffer's Investment Research | January 22, 2024
• Boeing has shed 18% amid its latest 737 MAX mishaps
• Put have outpaced calls over the last two weeks
Blue chip Boeing Co (NYSE:BA) has been in hot water for the last few weeks, after the U.S. Federal Aviation Administration (FAA) made a critical recommendation following the Alaska Airlines (ALK) flight emergency. The FAA recommended airlines operating Boeing's 737-900ER model should "visually inspect mid-exit door plugs to ensure the door is properly secured.
In the time since a section of a Boeing 737 MAX jet blew out during a flight, put traders have ramped up their position on BA. The equity showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest weekly options volume during the past 10 days. BA was not present on last week's list.
Per the chart below, 1,655,563 puts were exchanged compared to 1,543,289 calls in the same time period. The most popular contract by far was the weekly 1/19 200-strike put.
A broader look shows puts were popular even before the most recent incident. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows Boeing stock's 50-day put/call volume ratio ranking in the elevated 95th annual percentile. In other words, option buyers have picked up BA puts over calls at a much faster-than-usual pace during the past 10 weeks.
It's worth noting that the security's Schaeffer's Volatility Scorecard (SVS) stands at 76 out of a possible 100. This means BA tended to make outsized moves over the last year, compared to what the options market had priced in -- a potential boon to premium buyers.
Prior to the Alaska Airlines debacle, Boeing stock was trading at more than two-year highs, peaking at $267.54 on Dec. 21 thanks to guidance higher from its 10-day moving average. Though the pullback bounced from the $200 level saved the sharp dip, the shares 10-day trendline has now stepped up as resistance. With three weeks of trading down in 2024, BA sports a more than 18% deficit.
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SNL omits Boeing's name but skewers Alaska Airlines last night
BOEING 747 SEEN WITH FLAMES SHOOTING OUT!!!!!!!!!!
PASTOR MANNING KNOWS EXACTLY WHAT BOEING'S PROBLEM ARE!!!!!!
FLAMES SHOOTING OUT!!!!!!!!!!
LMAOI!!!!!!!!!
I thought the same thing when I read that. Oxygen leaks are routine.
I'm thinking the MEL would have had an altitude limitation and so the airplane wouldn't have been able to cross the Atlantic without a "wet footprint" and the rules wouldn't allow a VIP on board a wet footprint flight.
It would be interesting to know the exact nature of the "Critical" failure.
"Boeing Gains As Budding Indian Airline Orders 150 737 Max Jets
"Akasa Air announced at the Wings India 2024 airshow it had placed a follow-on order for 150 Boeing 737 Max jets, including 737-10's and additional 737-8-200 planes. The new 737 Max variants will increase Akasa's capacity and range for new and existing routes, while also reducing fuel use and carbon emissions, Boeing said. The companies did not disclose financial details of the deal.
The Wings India 2024 airshow runs from Thursday through Sunday."
https://www.investors.com/news/boeing-stock-gains-as-budding-indian-airline-orders-150-737-max-jets/
This is an obvious "hit" piece. "Critical" failure of the O2 system??? That's quite the word to use. The "traveling press" is about as well informed as the general public.
I've been working on aircraft for almost 45 years and I've never seen a "critical failure" of an oxygen system. I've seen failures, yes. Failures that caused a flight cancelation.
There was no "danger" here. The airplane wasn't about to blow up. Probably what happened is that a component in the O2 system failed, the pressure in the system bled off and it wasn't able to be re-serviced. Consequently, the aircraft wasn't able to travel in the intended flight envelope. It's likely that parts were not available in the time frame to meet Blinken's schedule, so the flight was cancelled.
The subsequent rehashing of all Boeings issues in the past several years is very telling. This author wanted to damage Boeing as much as he could. He has an agenda.
Aircraft are mechanical objects. Parts fail. They're replaced and the aircraft is placed back into service.
Secretary Antony Blinken’s Boeing 737 out of Davos had a critical failure. He had to switch planes
By: Yahoo | January 17, 2024
Secretary of State Antony Blinken was forced to change planes to return to Washington from Davos after his plane suffered what the traveling press was told was a critical failure related to an oxygen leak.
Blinken and the traveling party boarded the modified Boeing 737 jet in Zurich on Wednesday after a day and a half of meetings at the global summit in Davos.
The plane suffered the issue after boarding and the party was forced to deplane, according to traveling press.
A new, smaller aircraft was being sent for Blinken, and many in the traveling party will now be returning to Washington commercially, according to the traveling press.
This is just the latest blow to Boeing’s once stellar, now badly tarnished reputation. On Jan. 5 an Alaska Airlines jet had a door plug blow out shortly after takeoff when the plane was at 16,000 feet, leaving a gaping hole in the side of the jet.
Fortunately no one was sitting in the seat next to the hole, and no was seriously injured. But the incident led to the temporary grounding of all 737 Max 9 jets as airlines were ordered to inspect them for possible faulty assembly and loose or missing bolts. While a cause of that accident is still under investigation, Boeing CEO Dave Calhoun has acknowledge a “mistake” by Boeing led to the incident.
That Alaska Air plane is a newer version of the 737 than the one that Blinken had been set to ride on, which is an older model modified for use by the military. But the newer version of the 737, the 737 Max, has had a series of serious problems long before the Alaska Air incident this month.
Two crashes of the 737 Max, in 2018 in Indonesia and early 2019 in Ethopia, killed all 346 people on board the flights, and led to a 20-month grounding of the jet while Boeing worked to come up with a fix to the design flaw that caused the crashes.
But it has had other quality issues since returning to service beyond the Alaska Air incident. Just this past December Boeing asked airlines to inspect all of their 737 Max jets for a potential loose bolt in the rudder system, which is crucial to control of the plane in the air, after an airline discovered a potential problem with a key part on two aircraft.
In recent years the aircraft maker also has had quality issues that led to a halt in deliveries of the 787 Dreamliner while its 777 jet was also temporarily grounded jets suffered engine failure, sending debris crashing down over Denver.
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Got that right!
I'm not saying that Boeing, as the certificate holder, doesn't have responsibility for the ultimate airworthiness of the design and manufacture of it's products.
However if the stock of an airplane manufacturer dropped 8% every time a thermal pane failed on a windshield, there wouldn't be any airplane manufacturers making airplanes anywhere in the world.
No one wants to hear that it's "normal" for parts to fail on an aircraft, but actually it is sort of "normal".
Boeing is a hallmark USA-based tech manufacturer which is why it is so concerning to see it falter. The fact that it is a key defense contractor only makes it more worrisome. I could see buying BA as a long-term hold, butt only at a price that adequately reflects the current state of disheveled management and quality control (and possibly cut-corner engineering of the 737 Max product line). AND sufficient evidence that BA is adequately improving its management and manufacturing processes.
Admitting that it has serious problems is at least a good start, butt it needs to follow thru with reformation.
Boeing names independent advisor to lead review of quality management practices
By: Investing | January 16, 2024
WASHINGTON (Reuters) - Boeing (NYSE:BA) on Tuesday named Kirkland H. Donald, a retired Navy admiral, as the independent advisor to lead a comprehensive quality review of Boeing's quality management system for commercial airplanes.
Donald and a team of outside experts will provide recommendations to Boeing CEO Dave Calhoun and to the aerospace safety committee of Boeing's board of directors, Boeing said.
The appointment is effective immediately.
Read Full Story »»»
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Boeing admits that it has QA/QC deficits:
https://www.msn.com/en-us/money/companies/boeing-is-adding-more-737-airplane-inspections-as-company-says-its-clear-that-we-are-not-where-we-need-to-be/ar-AA1n1Sjm
And this is hardly reassuring:
https://www.newsnationnow.com/travel/former-boeing-manager-wont-fly-max/
“I hate to tell you that there’s a lot of problems right now with this company,” he said. “It’s really heartbreaking because there are great employees in this company, but the leadership is a mess right now.”
While no deaths or serious injuries were reported in the Alaska Airlines blowout, Pierson told NewsNation that the Max jetliner is a “tragedy waiting to happen.”
“This really needs a complete top-to-bottom overhaul,” he said. “Sure, if Congress can do it — but I think if the passengers and the public really demand it, we’ll see change that we need. But it’s not an easy fix.”
...
“I fly all the time. And even I schedule myself away from a Max,” said Ed Pierson, a former manager at Boeing’s facility in Renton, Washington.
Pierson said he’s even walked off planes after learning they’re a Max.
“They swapped the planes at the last minute, and I walked on the plane, sat down, and realized it’s a Max. I got up and walked off the plane,” said Pierson. “I didn’t take that flight.”
And again Boeing is responsible for ensuring that its subcontractor work and products are correct, safe, and meet specifications and design requirements.
The FAA in a Jan. 11 update on the Grounding of Boeing 737 MAX 9 Aircraft said: “Boeing’s manufacturing practices need to comply with the high safety standards they’re legally accountable to meet.”
The letter addressed to Carole Murray, Vice President, Total Quality, Boeing Commercial Airplanes said: “This investigation is being performed to ensure compliance with Title 14 Code of Federal Regulations (14 CFR) and your FAA approved quality system.”
Requirements were listed:
Part 21 CERTIFICATION PROCEDURES FOR PRODUCTS, ARTICLES, AND PARTS, Subpart G--Production Certificates, Sec. 21.146, Responsibility of holder, states in part, “The holder of a production certificate must…(c) Ensure that each completed product or article for which a production certificate has been issued … presented for airworthiness certification or approval conforms to its approved design and is in a condition for safe operation;”
BCA Quality Manual, Revision I dated June 26, 2023, section 8.5.1 Inspection and Testing states in part, “Appropriate inspection and test activities are conducted … post-delivery activities are conducted in accordance with contract or regulatory requirements.”
https://www.aviationpros.com/aircraft/commercial-airline/article/53082340/faa-shares-letter-formally-notifying-boeing-of-investigation
Actually, Jetmek is completely correct. That's not an uncommon occurrence.
That window is made by PPG whose shares are down about 1.5% today.
Both Boeing and PPG are opportunities at today's prices.
This is nott your father's Boeing.
Similar to Chevrolet:
1950s - '57 Bel Air
1970s - '70 Vega hatchback
Given Boeing's legacy and heritage, BofA 'astonished' about third-party quality control
By: Investing | January 16, 2024
Bank of America analysts cut the price target on Boeing (NYSE:BA) by $20 per share to $255. BofA remains Buy-rated on BA stock as analysts remain “cautiously optimistic” on the stock.
“Boeing is one of two players in a global duopoly for commercial aircraft which are in short supply. Despite the recent issues, we believe BA has been making steady, if not slow, progress in addressing some of the internal shortfalls that led to its current situation,” the analysts said.
“Investors should not expect things to change quickly, but more progress can and will be made.”
Analysts note that Boeing is facing heightened FAA scrutiny and increased inspections, potentially slowing production growth. The implementation of recommendations from an external party regarding Boeing's quality program raises concerns, particularly considering the company's legacy.
“We are honestly astonished, given the company’s legacy and heritage, that an outside party is required to make recommendations. The recovery path to historical 25% cash margins on the 737 program would not only be impacted by lower production levels, but also be hit by the incremental costs of adding increased quality control.”
The analysts also added that their estimates on BA’s production remain unchanged, although they see risk to consensus.
“Consensus remains significantly more bullish than both our production and FCF estimates.”
The MAX 9 issues are anticipated to intensify pressure on Boeing's management, reflecting perceived shortcomings in execution improvement following the initial MAX grounding and COVID-related slowdowns.
Beyond the results of NTSB and FAA investigations, regulatory bodies are expected to seek more substantial internal changes within Boeing, according to analysts.
“We would not be surprised to see regulators, investors and customers push for a turnover in the ranks of senior management and the Board of Directors.”
Read Full Story »»»
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1980s - Boeing is the Rolls Royce of commercial aircraft manufacturers
2020s - Boeing closes in on Yugo status
In just 40 short years.
Don't worry, the Air Force will sell its defective KC-46 tankers to India or South Africa, if they are dumb enuff to buy them.
LOLOL! Dance, 🤡, dance!!
Tell us again the bedtime story that it is all Spirit's prollem, moron.
I like reading your stories. They are amusing.
If you knew ANYTHING about aviation? You’d know that is standard procedure.
Let me explain it so that even YOU can understand it.
Most modern, high performance aircraft have dual element windscreens installed. The outer windscreen usually has a heating element installed for de-ice purposes and is also put there for bird strike protection.
Behind that outer pane of windscreen is an inner pane. Usually a little bit thicker. It provides protection for pressurization purposes. And again, in case the outer pane fails from a bird strike (or from a heating element that went bonkers and caused a failure), the inner pane stops pressurization leaks (and wind coming into the cockpit).
When an outer pane fails (on ANY aircraft), the aircraft is pretty much REQUIRED to seek a landing spot fairly quickly after the pane fails. This protects the aircraft from a bird strike which might happen after the outer pane is compromised.
So, you see….as much as you want to make this about a failure of a Boeing aircraft? It happens with ALL aircraft.
If you want to be idiotic and think that this only happens to Boeing aircraft? Or that the aircraft was ready to blow up or somehow fall out of the sky??
Well, you go right ahead. Now THAT’S FUNNY!!!
Are you finally starting to learn something?
BFD. Not unusual at all for ANY aircraft to experience windscreen failures.
I’ve replaced many outer windscreens after failure. On many different types of jet aircraft.
https://www.msn.com/en-us/travel/news/cracked-window-in-boeing-aircrafts-cockpit-forces-all-nippon-airways-flight-to-return/ar-AA1n0Mn3
"An All Nippon Airways flight that departed from Sapporo's New Chitose Airport in Japan on Saturday returned after a crack was discovered in the cockpit window of a Boeing aircraft, the airline said.
Flight NH1182 "experienced a crack on one of the outermost of the four layers of the cockpit window," All Nippon Airways said in an email to NBC News on Monday. "During the flight the cabin pressure of the Boeing 737-800 aircraft was normal and the landing was made under normal conditions."
What happened to the bad planes, thought company would go broke
NOT JUST BOEING WITH A DEI PROBLEM.... NOW THE FAA WANTS TO WIRE BRAIN DAMAGED PEOPLE TO BE AIR TRAFFIC CONTROLLERS!!!!!!!
THE ENTIRE INDUSTRY IS SELF DESTRUCTING!!!!!!!!!!
This is the funniest post ever on this board:
You fail to understand that Boeing is responsible to ensure that its completed products (e.g., 737 Max 9) - including AFTER the subcontractor Spirit finishes its work.
The FAA, in a letter Thursday to a quality assurance official at Boeing, outlined the manufacturer’s responsibility to ensure the aircraft conforms to design and is in safe condition.
“The above-described circumstances indicate that Boeing may have failed to ensure its completed products conformed to its approved design and were in a condition for safe operation in accordance with quality system inspection and test procedures,” John Piccola, an aviation safety official at the FAA, said in his letter to Boeing.
https://www.cnbc.com/2024/01/11/faa-investigating-if-boeing-failed-to-ensure-aircraft-were-safe-for-operation.html
FAA says it will audit Boeing’s production line after 737 Max 9 accident
Published Fri, Jan 12 20248:53 AM ESTUpdated Fri, Jan 12 20242:17 PM EST
The agency said it is considering using “an independent third party” to oversee Boeing inspections and quality of its manufacturing.
The FAA grounded more than 170 Boeing 737 Max 9s, most of the world’s fleet, after that incident. The agency said the audit applies to Boeing’s production line for that plane model and its suppliers “to evaluate Boeing’s compliance with its approved quality procedures.”
“The results of the FAA’s audit analysis will determine whether additional audits are necessary,” said the agency.
The FAA said it will also evaluate risks around Boeing’s ability to self-monitor quality control and other aspects of airplane production. The agency on Thursday announced an investigation into whether the manufacturer failed to ensure its planes were airworthy and conformed to their design.
Including Boeing's obligation for post-completion inspections and monitoring and auditing completion procedures at Spirit (and all other subcontractors).
Boeing is ultimately responsible that its completed products are safe, free of defects, and conform to design and specifications.
Lawsuit on Spirit Aero Manufactured parts - 1 month ago
https://www.cbsnews.com/news/boeing-loose-bolts-alaska-airlines-united-airlines-spirit-aerosystems-door-plug/
The FAA in a Jan. 11 update on the Grounding of Boeing 737 MAX 9 Aircraft said: “Boeing’s manufacturing practices need to comply with the high safety standards they’re legally accountable to meet.”
The letter addressed to Carole Murray, Vice President, Total Quality, Boeing Commercial Airplanes said: “This investigation is being performed to ensure compliance with Title 14 Code of Federal Regulations (14 CFR) and your FAA approved quality system.”
Requirements were listed:
Part 21 CERTIFICATION PROCEDURES FOR PRODUCTS, ARTICLES, AND PARTS, Subpart G--Production Certificates, Sec. 21.146, Responsibility of holder, states in part, “The holder of a production certificate must…(c) Ensure that each completed product or article for which a production certificate has been issued … presented for airworthiness certification or approval conforms to its approved design and is in a condition for safe operation;”
BCA Quality Manual, Revision I dated June 26, 2023, section 8.5.1 Inspection and Testing states in part, “Appropriate inspection and test activities are conducted … post-delivery activities are conducted in accordance with contract or regulatory requirements.”
https://www.aviationpros.com/aircraft/commercial-airline/article/53082340/faa-shares-letter-formally-notifying-boeing-of-investigation
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