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Quote:

Originally Posted by BF263533 (Post 30984117)

Newsworthy story?

"Seeks said he bought 300 Boeing shares in early March, and sold them at a loss within the last two weeks."

:rolleyes:

Quote:

Originally Posted by spin88 (Post 30989992)

................

Giving up on the MAX10 would be basically handing orders to Airbus for the A321neo.

A321NEO is raison d'etre for MAX 10 @:-) :eek:

While MAX has lots of orders, Airbus was eating Boeing's lunch with A321, and Boeing felt it had to respond.

Friday meeting:

"FAA to Meet With U.S. Airlines, Pilot Unions on Boeing 737 MAX"

https://money.usnews.com/investing/n...boeing-737-max

Quote:

Originally Posted by narvik (Post 30990000)

Newsworthy story?

"Seeks said he bought 300 Boeing shares in early March, and sold them at a loss within the last two weeks."

:rolleyes:

It is not so much about the class plaintiff's facts, it is just that some law firm wants the case filed in hopes of being the class counsel, representing all plaintiffs similarly situated. So you look to the other plaintiffs who may be brought into the class actions, and the fact that another lawsuit will be digging up a lot of facts.

Anyone who bought AND sold in March should have known they were taking a loss. Wouldn't surprise me if someone didn't do that with the express purpose of establishing a basis for class action.

Quote:

Originally Posted by ExplorerWannabe (Post 30990362)

Anyone who bought AND sold in March should have known they were taking a loss. Wouldn't surprise me if someone didn't do that with the express purpose of establishing a basis for class action.

... this case may dig up a lot of helpful information that Boeing would not otherwise reveal.

Quote:

Originally Posted by BF263533 (Post 30990296)

It is not so much about the class plaintiff's facts, it is just that some law firm wants the case filed in hopes of being the class counsel, representing all plaintiffs similarly situated.

Aye. Like the time I was offered ~$1.37 from a class action, where the law firm(s) were likely cashing in millions? :)

I also consider someone buying and selling Boeing shares in such a short period of time rather dubious.

Well, it looks like it will be a while more... AA just pulled the MAX8 till August. SWA did the same. https://www.washingtonpost.com/busin...=.58859d79d3c5 Given that this is the busy summer season, this suggests no quick fix, and disruption to come when peak summer season leaves the airlines with fewer spares and in UA's case, full demand for the wid-body fleet that they have been using to back fill..

Quote:

Originally Posted by spin88 (Post 31000580)

A bit off topic, but I wonder how this will impact the Polaris conversion program.

It is easier to add airplanes back into the schedule on short notice than it is to remove them. Airlines will want to have the airplanes off the schedule before the crew planning process starts which is about four months out.

Quote:

Originally Posted by east_west (Post 31000644)

A bit off topic, but I wonder how this will impact the Polaris conversion program.

I don't think its OT, it was my first thought. UA would have had 20-22 MAX9s by this summer, and there are certain things it can do (e.g. fly to Hawaii) that UA will have trouble replicating w/o wide-body lift. I would think that they would not want to have any 763s nor 772s in conversion over the June-August period, or they are going to have to cancel flights or run a less reliable operation due to lack of spares.

President Trump suggested rebranding the 737 Max. I suggest it be named "The Mullenburg"

Just like the L1011 was known as the "Tristar"

I'm guessing that Boeing will have to slow the speed of production even more
United Airlines is canceling 737 Max flights through early July

Quote:

Washington (CNN)United Airlines says it is canceling flights through "early July" because of the Boeing 737 Max grounding.
The airline joins other US carriers — American and Southwest — that have canceled 737 Max flights to avoid disruption as people book flights for the upcoming travel season.
"We've used spare aircraft and other creative solutions to help our customers ... get where they are going," United spokesman Frank Benenati said in a statement Monday. "But, it's harder to make those changes at the peak of the busy summer travel season."
All of Boeing's Max planes were grounded worldwide last month after a 737 Max jet flown by Ethiopian Airlines pilots crashed in that country, killing everyone aboard. It was the second fatal crash involving a Max in recent months.
United (UAL) said the initial decision to take the planes out of service affected "roughly 40 flights a day" at the time. The company doesn't fly any Max 8 jets, the type of plane that was involved in both of the fatal incidents. But it does have 14 Max 9s, which are a slightly longer version of the Max 8.
Other US airlines have even more Max planes in their fleets. Southwest (LUV), which flies 34 Max jets, said last week that it would cancel Max flights through August 5. American (AAL), which has 24 of the planes, said Sunday it would cancel about 115 daily flights through August 19.
The Federal Aviation Administration held a meeting Friday with officials from the three US airlines. The FAA said authorities discussed input from 737 Max pilots and operators "as the agency evaluates what needs to be done before the FAA makes a decision to return the aircraft to service."
Investigators are still probing the cause of the Ethiopian crash, as well as the other Max crash involving a Lion Air jet last October.
The focus of the crash investigations is the plane's automatic safety system, for which Boeing says it is developing a software fix. Last Thursday, Boeing CEO Dennis Muilenburg said about two-thirds of the more than 50 customers from various airlines have been able to test the software patch using a flight simulator.

Quote:

Originally Posted by spin88 (Post 31000580)

Goes to my earlier prediction that it could be Q4 2019 or more like Q1 2020 before these will fly again. I came across multiple news report stating that Boeing bounced back after grounding the 787 for 3 months and similarly they will do so with the MAX'es. Why do they not state the fact that MAX'es have killed ~350 people where the 787 did not so was able to get back without much fanfare? Shows the inherent bias of the articles.

Quote:

Originally Posted by TravellingMan (Post 31004682)

Or perhaps because readers likely knew?

Quote:

Originally Posted by spin88 (Post 31000794)

Or pull some planes out of storage (assuming they have any that could quickly be restored to service)?