Boeing is down 10% premarket after a 737 crashes in China.
In some rare good news for Boeings space division, Starliner has overcome difficulties with 2 orbital boosters to dock successfully with the ISS. Some very cool photos here, at this angle Starliner looks awesome.
Owing invests $450 million in flying taxi developer Wisk- CNBC ( 24/1/22)
Boeing is to pay out $200m (£177.5m) over charges that it misled investors about two fatal 737 Max crashes.
The US stock market regulator said the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues.
How do we think this will affect anything? feels like $200m is more than a wag of the finger but hardly enough to change any behavior.
Does the $1m fine for Ex CEO Dennis Muilenburg show the SEC are going to be coming after individuals more?
After a decent rally, I can see some profit-taking planned for Monday with the usual response to a safety issue it’ll unlikely be “plane sailing”
Agreed Neil, looking to see the knock on effect to those airlines that have limited or no exposure to Boeing such as Jet 2 and Easy Jet. Any significant drop I will be in as I’m bullish long term so could be a good long term play to add.
Searched for a Boeing thread so I could post this and was surprised to see that such a massive company has so little conversation on this forum.
It’s nice to see people here aren’t particularly interested in this dying giant.
Airbus (AIR) for the win!
Investing.com - The United States and Qatar have entered into multiple commercial agreements valued at more than $243.5 billion, as announced by President Donald J. Trump during a recent meeting in Qatar. The agreements encompass a range of sectors, including aviation, defense, and infrastructure, and are expected to create thousands of American jobs and promote economic growth.
Among the most significant deals is the sale of Boeing (NYSE:BA) aircraft to Qatar Airways, which involves up to 210 Boeing 787 Dreamliner and 777X aircraft, along with GE Aerospace engines, totaling approximately $96 billion. This transaction represents Boeing’s largest-ever widebody order and is anticipated to support 154,000 U.S. jobs annually throughout the production and delivery phase.