Author Topic: BA - Boeing  (Read 10599 times)

Liberty

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Re: BA - Boeing
« Reply #10 on: March 12, 2019, 10:36:39 AM »
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perulv

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Re: BA - Boeing
« Reply #11 on: March 12, 2019, 10:40:43 AM »
EASA suspends all Boeing 737 Max operations in Europe: https://www.easa.europa.eu/newsroom-and-events/press-releases/easa-suspends-all-boeing-737-max-operations-europe

I was actually on a 737-max yesterday, flying home from a weekend vacation. I have never been scared of flying, but during the take-off I was really nervous. I have never given a second thought to the make/model of an airplane in my life, assuming (correctly I think) that all planes and companies that fly in Europe/US etc are safe. This is of course just anecdotal, but I wonder how big long-term impact this will have, even if it turns out the two crashes are not related, issues fixed etc. Not sure how cool I will be with flying a 737-max in a month or two, if the suspension is lifted.

Spekulatius

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Re: BA - Boeing
« Reply #12 on: March 12, 2019, 12:07:04 PM »
EASA suspends all Boeing 737 Max operations in Europe: https://www.easa.europa.eu/newsroom-and-events/press-releases/easa-suspends-all-boeing-737-max-operations-europe

I was actually on a 737-max yesterday, flying home from a weekend vacation. I have never been scared of flying, but during the take-off I was really nervous. I have never given a second thought to the make/model of an airplane in my life, assuming (correctly I think) that all planes and companies that fly in Europe/US etc are safe. This is of course just anecdotal, but I wonder how big long-term impact this will have, even if it turns out the two crashes are not related, issues fixed etc. Not sure how cool I will be with flying a 737-max in a month or two, if the suspension is lifted.

Correct. I believe a lot of people will cancel or change flights once they now they are flying in a 737max plane. I think LUV will be hardest hit, since they have the most 737max planes, at least in the US. I think it will also cost Boeing a few billion to address the findings.
I am surprised that BA isn’t down more. The Stock is a high flier ( pun) and still up ~15% YTD.
« Last Edit: March 13, 2019, 09:23:37 AM by Spekulatius »
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Liberty

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Re: BA - Boeing
« Reply #13 on: March 13, 2019, 08:54:37 AM »
Canada:

https://www.cbc.ca/1.5054234

"Canada closes airspace to the #737MAX8, based on new information it received on Wednesday"

https://twitter.com/carlquintanilla/status/1105859314487578624
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rb

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Re: BA - Boeing
« Reply #14 on: March 13, 2019, 09:51:02 AM »
I guess now they're gonna have to fix the jet.

As an aside I was surprised that Air Canada flew 737 Max to London.

Castanza

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Re: BA - Boeing
« Reply #15 on: March 13, 2019, 10:09:03 AM »
To me this whole situation is way overblown.

- We have people with no engineering credentials saying to ground the planes (Mitt Romney)

- No evidence has been shown

- Black Box is being shipped to another "country"

- SW pilots just came out and backed the 737

- It's documented that since the LION Air crash US pilots have been briefed on changes and trained properly. It is interesting to note that individual airlines are responsible for the training and briefing. These other countries Don't have nearly the same standards as the FAA.

- People suggest the FAA is in the pocket of Boeing. I agree with this slightly, however they have grounded many of beings planes in the past. See 787 in 2013. So to me this doesn't fit the narrative.

Personally I believe the FAA is simply standing up for and behind their strict regulations, policies, guidelines, protocols, and exhaustive list of specifications. Could there be an issue? Absolutely, But there isn't anything to suggest that yet.

Either way, I'm long BA. This whole thing will blow over just like the Talc powder thing for JNJ two months ago. Plus it helps my DCA is low 200's  :)

sleepydragon

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Re: BA - Boeing
« Reply #16 on: March 13, 2019, 10:43:49 AM »
Seems to me: Itís a hardware bug fixed by software which has a new bug.
Not easy to fix but they will fix it. But they better do more testings this time.i

wabuffo

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Re: BA - Boeing
« Reply #17 on: March 13, 2019, 11:45:34 AM »
US orders all 737 Max 8,9s parked.

wabuffo

walkie518

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Re: BA - Boeing
« Reply #18 on: March 13, 2019, 12:17:22 PM »
US orders all 737 Max 8,9s parked.

wabuffo
24 planes w/AAL... say that's 48 flights per day and each flight has 200 passengers paying $250/ride that's $876m of lost revenues over the course of the year

Southwest would lose $1.24B of revenues using the same metrics

maybe this mess lasts a quarter at worst?

Castanza

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Re: BA - Boeing
« Reply #19 on: March 13, 2019, 12:28:10 PM »
US orders all 737 Max 8,9s parked.

wabuffo
24 planes w/AAL... say that's 48 flights per day and each flight has 200 passengers paying $250/ride that's $876m of lost revenues over the course of the year

Southwest would lose $1.24B of revenues using the same metrics

maybe this mess lasts a quarter at worst?

Boeing was already working on a solution after LION Air. If this issue is the same, then I can't imagine this lasting very long. I wonder if other airlines will gouge customers on pricing due to supply/demand.