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INX:BA, Jul 10, 06:45 UTC

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Boeing 777X Set to Miss 2021 Debut, Top Buyer Emirates Says

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(Bloomberg) -- Boeing Co.’s new 777X jet is likely to miss its planned debut next year, according to the aircraft’s top customer Emirates, which doesn’t expect to receive any planes before 2022. Deliveries of the wide-body jet, which first flew in January, will probably be held up by Boeing’s shutdown at the height of the coronavirus pandemic, together with a lengthy certification process, Adel Al Redha, the Gulf carrier’s chief operating officer, said Thursday in an interview. Boeing is looking at delaying the upgraded 777’s introduction as other buyers also resist taking delivery of such a large plane when they’re being compelled to shrink operations, according to people familiar with the matter who asked not to be named discussing confidential matters. The first delivery for the 777X was originally set for this year, though the date was pushed back to 2021 following issues including delays to the plane’s General Electric Co. turbines. While Emirates’ 2013 order was instrumental in Boeing’s decision to go forward with the 777X, it isn’t clear if the airline or another of the launch group of customers would take the initial delivery.

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Wednesday, July 08


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Boeing to Release Second-Quarter Results on July 29

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CHICAGO, July 8, 2020 /PRNewswire/ -- The Boeing Company [NYSE: BA] will release its financial results for the second quarter of 2020 on Wednesday, July 29. President and Chief Executive Officer David Calhoun and Executive Vice President of Enterprise Operations, Chief Financial Officer, and interim leader of Communications Greg Smith will discuss the results and company outlook during a conference call that day at 10:30 a.m. The event can also be accessed by dialing 1-877-692-8955 within the U.S. and by dialing 234-720-6979 outside of the U.S. The Boeing news release and presentation materials will be posted to the Investors section of www.boeing.com prior to the event.

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Avolon Cancels 27 Of Boeing 737 Max Aircraft Order

BA

In addition, Avolon scrapped the commitment to acquire one of Airbus Group’s (EADSF) A330 neo aircraft due to be delivered in 2022 and deferred the delivery of 3 A320 neo family aircraft from 2020/21 to 2022. The announcement is another setback for Boeing, which has seen its shares plunge 45% this year, after Norwegian Air at the end of June cancelled orders for 97 of the 737 MAX aircraft order and filed compensation claims. The coronavirus travel restrictions have resulted in a deep cut in the number of commercial jets and services Boeing customers need over the next few years. As such, global airlines suffering billions of dollars in losses have been seeking to cancel or delay some of the orders they have with the planemaker. Commenting on the recent 737 MAX flight tests he said: “After the days of certification flights, there will be extensive post-flight analysis,” adding that, “along with the convening of [regulators] to validate the training protocols being proposed by the FAA,” he now estimates the plane will be back in commercial service by October.

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Tuesday, July 07


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Boeing settles nearly all Lion Air 737 MAX crash claims: filing

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. SEATTLE (Reuters) - Boeing Co has reached settlement agreements in more than 90% of the wrongful death claims filed in federal court after the 2018 crash of a Lion Air 737 MAX in Indonesia that killed all 189 people on board, a court filing on Tuesday said. The fatal crash, followed within five months by another 737 MAX jetliner in Ethiopia, led to the worldwide grounding of the best-selling model and a corporate crisis that has included hundreds of lawsuits alleging the jet was unsafe and separate probes by the Justice Department and U.S. lawmakers. Boeing has been racing to clear a number of remaining hurdles to win U.S. Federal Aviation Administration approval to fly the MAX again commercially, potentially later this year.

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Here's How Large Option Traders Are Playing Boeing As Order Backlog Shrinks

BA

Here's How Large Option Traders Are Playing Boeing As Order Backlog Shrinks. Boeing Co (NYSE: BA) shares traded lower by 4% on Tuesday after The Wall Street Journal reported Monday the 737 Max will be undergoing a key test flight as soon as this week. At 9:30 a.m., a trader sold 1,000 Boeing put options with a $177.50 strike price expiring on Friday near the bid price of $2.67. Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there’s no surefire way to determine if an options trade is a standalone position or a hedge. In this case, given the relatively large size of the largest Boeing trades, they could potentially represent an institutional hedge.

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UPDATE 3-Aircraft lessor Avolon cancels 27 Boeing 737 MAX jets

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The 737 MAX has been grounded since March 2019 after two fatal crashes in five months. However, Boeing and the U.S. Federal Aviation Administration last week completed certification test flights, a key milestone toward the plane's return to service. Boeing said it had come to an agreement with Avolon to further restructure its order book as part of an ongoing effort to help airlines and leasing companies "balance supply and demand with market realities" in light of the COVID-19 pandemic. "We appreciate Avolon’s ongoing commitment to the 737 family through their outstanding orders," the spokesman said. Rival lessor BOC Aviation last week said it had canceled an order for 30 MAX jets while Norwegian Air canceled orders for 92. While such cancellations can help clear production slots to deal with a large backlog of MAX deliveries, they also underscore uncertainty over underlying demand for the MAX, analysts have said.

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Monday, July 06


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Do Options Traders Know Something About Boeing (BA) Stock We Don't?

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Do Options Traders Know Something About Boeing (BA) Stock We Don't? Investors in The Boeing Company BA need to pay close attention to the stock based on moves in the options market lately. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for Boeing shares, but what is the fundamental picture for the company? Over the last 60 days, our Zacks Consensus Estimate for the current quarter has widened from a loss of $2.30 per share to a loss of $2.32 in that period.Given the way analysts feel about Boeing right now, this huge implied volatility could mean there’s a trade developing.

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Sunday, July 05


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Next Boeing 737 MAX Government Test Flight Scheduled for Coming Days

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The next challenge for bringing Boeing Co.’s 737 MAX jets back into service is slated to play out as early as this week, with another government test flight assessing the safety of software fixes. Called an operational readiness review, it is among a series of test flights anticipated over the next several weeks featuring federal pilots along with airline crews from around the world, all intended to vet changes to the fleet’s flight-control system, according to people familiar with the details.... The coming test is a previously scheduled follow-up to three days of formal certification flight tests performed by Boeing and Federal Aviation Administration pilots last week. If all goes well, the FAA order that grounded the planes in March of 2019 is expected to be lifted in September. The accidents took 346 lives, put the MAX fleet on the ground and prompted a financial and reputational crisis for the Chicago plane maker. Since the crashes, a string of outside reports also have criticized the FAA and Boeing for failing, during the initial certification process, to adequately consider how quickly average commercial pilots would react to an MCAS misfire and resulting emergency.

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Saturday, July 04


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Boeing signals end of 747 jumbo jet - sources

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Boeing signals end of 747 jumbo jet - sources. {{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s. Francis Maguire reports.

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Point/Counterpoint: The Case for Boeing

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Investing.com -- Boeing (NYSE:BA) has had a dreadful year in 2020, as the COVID-19 pandemic worsened the outlook for the aerospace giant after the March 2019 grounding of its 737 Max jet. But shares climbed around 25% in June, cutting back steep losses for the year amid signs that the worst may be over. “The fundamentals that have driven air travel for the past five decades and doubled air traffic over the past two decades remain intact,” Boeing’s new CEO David Calhoun said on the company’s last earnings call. The reasonable assumption that Calhoun and his team understand their own business still leaves you a three-year fallow period in which you can probably expect better returns elsewhere with your money, but does not mean Boeing is destined to long-term decline like a department store or a shopping mall owner. The Starliner capsule charge is likely to be merely a short-term embarrassment, and in any case only a rounding error compared to the 737 MAX problems.

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