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Key Boeing China Customer Said To Have Scrapped Over 100 Jets From Delivery Plans
Tuesday, May 17, 2022 - 3:53am | 348Key Boeing Co (NYSE: BA) customer China Southern Airlines Co has removed more than 100 of its 737 MAX jets from its fleet plans due to uncertainty over deliveries, Bloomberg News reported on Monday, citing the airlines. What Happened: China Southern Airlines expects to take delivery of 78 aircraft...
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Boeing Will Shift Base To Arlington As It Seeks Closer Ties With Washington
Friday, May 6, 2022 - 2:39am | 303Boeing Co (NYSE: BA) on Thursday said it would shift its corporate headquarters to Arlington, Virginia from Chicago, Illinois — a move that would help its senior management and other key members get closer to decision-makers at the White House. What Happened: The planemaker said its...
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Why India Has Barred 90 Pilots From Flying Boeing's 737 Max
Wednesday, April 13, 2022 - 2:30am | 263India's civil aviation regulator has barred 90 pilots of the country's second-largest private airline from flying Boeing Co's (NYSE: BA) 737 Max aircraft. The Indian civil aviation watchdog DGCA said that it found that 90 SpiceJet pilots were not properly trained to fly the aircraft....
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Why Boeing Is On the Radar Of Retail Investors Today
Tuesday, March 22, 2022 - 2:48am | 282Boeing Co. (NYSE: BA) is seeing high interest on Reddit’s r/WallStreetBets forum as of early Tuesday. What Happened: The stock is in the fourth position among the most-discussed stock on the forum with 106 mentions at press time, data from Quiver Quantitative showed. Boeing is also trending...
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Boeing Secures Another Deal With Southwest Airlines For Its 737 MAX Airplanes
Monday, March 29, 2021 - 10:12am | 387Boeing Co (NYSE: BA) will supply Southwest Airlines Co (NYSE: LUV) with 100 737 MAX airplanes and 155 options across two models. What Happened: Boeing announced on Monday that Southwest Airlines ordered additional airplanes. To date, Southwest Airlines has ordered 200 737-...
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Fintech Focus For February 10, 2021
Tuesday, February 9, 2021 - 9:59pm | 1887Quote To Start The Day: The question isn’t who is doing to let me, it’s who is going to stop me. Source: Ayn Rand One Big Thing In Fintech: In January 2021, FinTech startups worldwide raised VC/PE investments worth $7.8 billion across 294 deals. In terms of MoM growth, there was a 37.4...
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Boeing Agrees To Settle US Criminal Charges Related To 737 MAX Probe For $2.5B
Friday, January 8, 2021 - 5:09am | 322Boeing Co (NYSE: BA) has agreed to pay a penalty of $2.5 billion to settle a criminal investigation with the U.S. Department of Justice. What Happened: The Justice Department levied a criminal monetary penalty of $243.6 million and instructed the company to pay additional compensations of...
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Boeing 737 Max Returns To Skies With American Airlines, 2 Years After Deadly Crashes
Tuesday, December 29, 2020 - 1:30pm | 483American Airlines Group Inc. (NASDAQ: AAL) is using Boeing Co.’s (NYSE: BA) 737 Max, the plane that was grounded two years ago following two mass fatality crashes, for a flight from Miami to New York on Tuesday. What Happened: The flight, which departed at 10:32 a.m. and...
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UBS Upgrades Boeing, Spirit AeroSystems, Doubles Price Targets
Monday, December 7, 2020 - 2:34pm | 398Boeing Co (NYSE: BA) and Spirit AeroSystems Holdings, Inc. (NYSE: SPR) landed upgrades on Wall Street Monday, with a coronavirus vaccine in sight. The Analyst: UBS analyst Myles Walton upgraded Boeing from Neutral to Buy and doubled the price target from $150 to $300. Walton upgraded...
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Spirit AeroSystems Analyst Turns Bullish, Sees 'Broader Aerospace Recovery'
Friday, November 20, 2020 - 12:07pm | 258The FAA's ungrounding of the 737 Max and recent positive coronavirus vaccine news bode well for Spirit AeroSystems Holdings, Inc. (NYSE: SPR), according to Canaccord Genuity. The Spirit AeroSystems Analyst: Ken Herbert upgraded Spirit AeroSystems from Hold to Buy and raised the price...
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Fintech Focus For November 19, 2020
Wednesday, November 18, 2020 - 7:42pm | 2481Quote Of The Day: The successful warrior is the average man, with laser-like focus. - Bruce Lee Fintech Movers: Big investors are backing online banks more than ever, betting that these upstarts' low overhead and nimble technology stacks will let them keep grabbing customers from traditional...
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Here's How Much Investing $1,000 In Boeing On The Day The 737 Max Debuted Would Be Worth Today
Wednesday, November 18, 2020 - 4:36pm | 419Investors who owned stocks in the last three years have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return since May 22, 2017 is 61%. On that day in history, Malaysian carrier Malindo Air flew the world’s first Boeing Co (NYSE: BA) 737 Max commercial...
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After Nearly 2 Years, FAA Says Boeing's 737 Max Can Carry Passengers And Fly Again
Wednesday, November 18, 2020 - 10:34am | 429Nearly two years after the Boeing Co (NYSE: BA) 737 Max was grounded due to safety issues, the Federal Aviation Administration has officially cleared the aircraft to fly once again. What Happened? The FAA said Wednesday it's satisfied with the changes Boeing has made to the 737 Max after a...
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JPMorgan Upgrades Raytheon, Spirit AeroSystems, Says Aerospace 'More Investable'
Tuesday, November 10, 2020 - 11:33am | 452Monday's encouraging coronavirus vaccine news from Pfizer Inc. (NYSE: PFE) sparked a rally in aerospace stocks. Even after Monday's rally, the group is "more investable" — and investor interest will grow, according to JPMorgan. The Analyst: Seth Seifman upgraded...
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Spirit AeroSystems Analyst Sees Benefits From Return of Boeing's 737 MAX
Wednesday, November 4, 2020 - 4:40pm | 378The bullish case for Spirit AeroSystems Holdings (NYSE: SPR) is based on a more favorable outlook for Boeing Co's (NYSE: BA) 737 MAX plane, according to Cowen. The Spirit AeroSystems Analyst: Cai von Rumohr upgraded Spirit AeroSystems from Market Perform to Outperform with a price target...