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Boeing Co (BA.N)

BA.N on New York Stock Exchange

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18 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Boeing, Biman Bangladesh Airlines Announce Order For Two 787-9 Dreamliner Jets
Sunday, 17 Nov 2019 

Nov 17 (Reuters) - Boeing Co ::BOEING, BIMAN BANGLADESH AIRLINES ANNOUNCE ORDER FOR TWO 787-9 DREAMLINER JETS.BOEING SAYS BIMAN BANGLADESH AIRLINES IS EXPANDING ITS 787 DREAMLINER FLEET WITH TWO ADDITIONAL AIRPLANES VALUED AT $585 MILLION AT LIST PRICES..  Full Article

Soros Fund Management Takes Stake In Boeing, Ups In Citigroup
Friday, 15 Nov 2019 

Nov 14 (Reuters) - Soros Fund Management LLC::SOROS FUND MANAGEMENT LLC TAKE SHARE STAKE OF 5,500 SHARES IN BOEING - SEC FILING.SOROS FUND MANAGEMENT LLC TAKES SHARE STAKE OF 304,511 CLASS A SHARES IN KKR & CO INC.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN CITIGROUP INC BY 74.9 PERCENT TO 319,779 SHARES.SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN COLGATE-PALMOLIVE CO.SOROS FUND MANAGEMENT LLC CUTS SHARE STAKE IN MORGAN STANLEY BY 78.4 PERCENT TO 134,143 SHARES.SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN MOSAIC CO.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN EBAY INC BY 11.8 PERCENT TO 1.2 MILLION SHARES.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN CELGENE CORP BY 44.2 PERCENT TO 1.2 MILLION SHARES.SOROS FUND MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2019.  Full Article

Appaloosa Takes Share Stake In Boeing, Dissolves In Centene
Friday, 15 Nov 2019 

Nov 14 (Reuters) - Appaloosa LP::APPALOOSA LP TAKES SHARE STAKE OF 30,000 SHARES IN BOEING INC - SEC FILING.APPALOOSA LP DISSOLVES SHARE STAKE IN CENTENE CORP.APPALOOSA LP - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2019.  Full Article

Boeing Statement On Lion Air Flight 610 Investigation Final Report
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Boeing Co ::STATEMENT ON LION AIR FLIGHT 610 INVESTIGATION FINAL REPORT.REDESIGNED WAY ANGLE OF ATTACK SENSORS WORK WITH A FEATURE OF FLIGHT CONTROL SOFTWARE KNOWN AS MANEUVERING CHARACTERISTICS AUGMENTATION SYSTEM.CO'S ENGINEERS HAVE BEEN WORKING WITH US FAA AND OTHER GLOBAL REGULATORS TO MAKE SOFTWARE UPDATES AND OTHER CHANGES.MCAS WILL NOW ONLY TURN ON IF BOTH AOA SENSORS AGREE.MCAS WILL WILL ONLY ACTIVATE ONCE IN RESPONSE TO ERRONEOUS AOA.MCAS WILL ALWAYS BE SUBJECT TO A MAXIMUM LIMIT THAT CAN BE OVERRIDDEN WITH CONTROL COLUMN.SINCE THE ACCIDENT, 737 MAX AND ITS SOFTWARE ARE UNDERGOING AN UNPRECEDENTED LEVEL OF GLOBAL REGULATORY OVERSIGHT, TESTING AND ANALYSIS.UPDATING CREW MANUALS AND PILOT TRAINING, DESIGNED TO ENSURE EVERY PILOT HAS ALL OF INFORMATION THEY NEED TO FLY 737 MAX SAFELY.MCAS WILL COMPARE INFORMATION FROM BOTH AOA SENSORS BEFORE ACTIVATING, ADDING A NEW LAYER OF PROTECTION.SOFTWARE CHANGES WILL PREVENT FLIGHT CONTROL CONDITIONS THAT OCCURRED IN LION AIR ACCIDENT FROM EVER HAPPENING AGAIN.CONTINUES TO WORK WITH FAA, OTHER REGULATORY AGENCIES WORLDWIDE ON CERTIFICATION OF SOFTWARE UPDATE, TRAINING PROGRAM TO SAFELY RETURN 737 MAX TO SERVICE.  Full Article

Indonesia report on Lion Air 737 MAX crash recommends anti-stall redesign, pilot training
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Boeing Co ::DESIGN AND CERTIFICATION OF MCAS DID NOT ADEQUATELY CONSIDER LIKELIHOOD OF LOSS OF CONTROL OF AIRCRAFT-LION AIR CRASH FINAL REPORT.ABSENCE OF INFORMATION ABOUT MCAS IN MANUALS MADE IT TOUGH FOR FLIGHT CREWS TO DIAGNOSE PROBLEMS.LACK OF AOA DISAGREE MESSAGE LED TO LACK OF SITUATIONAL AWARENESS BY FLIGHT CREW, PROBLEMS FOR ENGINEERS.ISSUES WITH DEFECTIVE SENSOR NOT DISCOVERED DURING INSTALLATION TEST.REQUIRED EFFORT TO MAINTAIN ADEQUATE NOSE-UP TRIM NOT COMMUNICATED WHEN HANDING OVER AIRCRAFT CONTROL.RECOMMENDS LION AIR EMPHASISE TO FLIGHT CREW TO MAKE PROPER DECISIONS DURING EMERGENCY OR ABNORMAL SITUATIONS.RECOMMENDS LION AIR IMPROVE HAZARD REPORT MANAGEMENT.RECOMMENDS BOEING CONSIDER EFFECT OF ALL POSSIBLE FLIGHT DECK ALERTS AND INDICATIONS ON PILOT RESPONSE.RECOMMENDS BOEING INTRODUCE LARGER TOLERANCE IN DESIGN TO ALLOW OPERATION BY A LARGER POPULATION OF PILOTS.RECOMMENDS BOEING INTRODUCE A FAIL-SAFE DESIGN CONCEPT AND REDUNDANT SYSTEM IN MCAS.RECOMMENDS BOEING MORE CLOSELY SCRUTINISE SYSTEM THAT CAN TAKE OVER FLIGHT CONTROL IN CERTIFICATION PROCESS.RECOMMENDS BOEING ENSURE ALL DELIVERED AIRCRAFT CONFORM WITH CERTIFIED DESIGN.RECOMMENDS BOEING PROVIDE ADEQUATE INFORMATION ON MCAS IN FLIGHT CREW MANUALS AND TRAINING.RECOMMENDS FAA PROVIDE ADEQUATE OVERSIGHT IN CERTIFICATION PROCESSES.RECOMMENDS FAA IMPROVE OVERSIGHT OF MAINTENANCE ORGANISATIONS.  Full Article

Southwest Exec Says A 'Super Majority' Of Its Customers Say They Won't Change Their Flying Behavior Once The Max Returns
Thursday, 24 Oct 2019 

Southwest Airlines Co ::SOUTHWEST AIRLINES CEO SAYS TRAVEL DEMAND REMAINS STRONG, FUEL PRICES REMARKABLY LOW.SOUTHWEST CEO SAYS CAPACITY GROWTH WILL CONTINUE TO SUFFER FROM 737 MAX DELAYS IN 2020.SOUTHWEST SAYS WANTS TO RESTORE AS MUCH OF ITS NETWORK AS POSSIBLE ONCE 737 MAX IS BACK, BUT WILL NOT RESTORE EVERY FLIGHT.SOUTHWEST CFO SAYS BOEING HAS PROPOSED TO DELIVER 7 MAX IN Q4 WITH REMAINING 34 ON ORDER SHIFTING INTO 2020.SOUTHWEST CFO SAYS ON TRACK TO ACHIEVING Q4 UNIT REVENUE AND UNIT COST GOALS DESPITE 737 MAX GROUNDING.SOUTHWEST CEO SAYS ANY POTENTIAL FLEET DIVERSIFICATION IS 'COMPLEX'.SOUTHWEST CEO SAYS SEEING A RETURN IN DEMAND FOR SHORT-HAUL FLIGHTS BUT IS SHORT OF CAPACITY.SOUTHWEST CEO SAYS EXPECTS MORE VISIBILITY ON 737 MAX IN NEXT 30 DAYS, DOESN'T RULE OUT HAVING TO EXTEND FEB. 8 CANCELLATIONS.SOUTHWEST EXEC SAYS A 'SUPER MAJORITY' OF ITS CUSTOMERS SAY THEY WON'T CHANGE THEIR FLYING BEHAVIOR ONCE THE MAX RETURNS.  Full Article

American Airlines CEO Says Confidence On 737 Max Approval 'Seems To Be Higher'
Thursday, 24 Oct 2019 

American Airlines Group Inc ::AMERICAN AIRLINES CEO SAYS BASED ON CONSTANT 2019 EARNINGS, FREE CASH FLOW WOULD BE 5.5 BILLION OVER 2020 AND 2021.AMERICAN AIRLINES PRESIDENT SAYS DEMAND REMAINS ROBUST.AMERICAN AIRLINES PRESIDENT SAYS NO REVENUE IMPACT SO FAR FOLLOWING DELTA-LATAM DEAL.AMERICAN AIRLINES PRESIDENT SAYS WILL REDUCE ITS 2020 SCHEDULE IF 'UNFORESEEN EVENTS' COMPROMISE ITS ABILITY TO MEET ITS RELIABILITY STANDARDS.AMERICAN AIRLINES PRESIDENT SAYS 10 OF THE 26 737 MAX ON ORDER FOR THIS YEAR HAVE BEEN BUILT, NOT SURE WHEN THEY WILL BE DELIVERED OR WHEN THE REMAINDER WILL BE BUILT.AMERICAN AIRLINES CEO SAYS WANTS ALL OF ITS 737 MAX ON ORDER, WOULD ACCELERATE DELIVERY SCHEDULE IF IT COULD.AMERICAN AIRLINES SAYS SLOWED HIRING IN THE FALL DUE TO MAX GROUNDING BUT RAMPING UP AGAIN.AMERICAN AIRLINES CEO SAYS HAPPY TO WORK WITH AIRBUS ON TARIFFS BUT U.S. AIRLINES, CITIZENS SHOULD NOT PAY THE COST.AMERICAN AIRLINES CEO SAYS COMPENSATION TALKS WITH BOEING STILL IN EARLY STAGE BUT 'CONFIDENT' ITS OWN SHAREHOLDERS WON'T PAY COST OF 737 MAX GROUNDING.AMERICAN AIRLINES CEO SAYS CONFIDENCE ON 737 MAX APPROVAL 'SEEMS TO BE HIGHER'.  Full Article

Honeywell Sees Continued Margin Improvement in Aero Unit In 2020 - Conf Call
Thursday, 17 Oct 2019 

Oct 17 (Reuters) - Boeing Co ::HONEYWELL SAYS DOES NOT EXPECT A SIGNIFICANT IMPACT TO THE COMPANY'S OPERATIONS IN 2019 DUE TO THE GROUNDING OF BOEING'S 737 MAX JETS.HONEYWELL SAYS IT REMAINS "SOMEWHAT CAUTIOUS" IN ITS OUTLOOK GIVEN THE CONTINUED UNCERTAINTY IN THE MACRO ENVIRONMENT, BUT ADDS THAT FULL YEAR CONTINUES TO BE "SOLIDLY" ON TRACK- CONF CALL.HONEYWELL SAYS IN 2020 GROWTH OUTLOOK FOR THE OVERALL ECONOMY WILL NOT BE AS ROBUST AS IT HAS BEEN IN 2018 AND 2019.HONEYWELL SAYS COMMERCIAL AFTERMARKET ACTIVITY IN 2020 WILL BE DRIVEN BY INCREASES IN FLIGHT HOURS THOUGH AT A SLOWER PACE.HONEYWELL SAYS WILL CONTINUE MARGIN IMPROVEMENT IN 2020 THOUGH LIKELY AT A SLOWER PACE THAN 2019 IN AERO UNIT.HONEYWELL SAYS NONRESIDENTIAL CONSTRUCTION GROWTH WITH SLIGHT MODERATION SHOULD ENABLE CONTINUED DEMAND FOR BUILDING TECHNOLOGIES, PRODUCTS AND SERVICES IN 2020.HONEYWELL SAYS IN PMT UNIT, CO EXPECTS PROCESS AUTOMATION TO CONTINUE TO GROW IN 2020, DUE TO CONTINUED STRONG ORDERS IN BACKLOG.HONEYWELL SAYS IN PMT UNIT, MACRO DATA SUGGESTS THAT THE SOFTER MARKET IN THE U.S. MIDSTREAM OIL AND GAS CONTINUES, WHICH WILL AFFECT THE GAS PROCESSING BUSINESS IN 2020.HONEYWELL SAYS NEGATIVE IMPACT AT ADVANCED MATERIALS FROM ILLEGAL IMPORTS OF HFCS INTO EUROPE WHILE BEING PROACTIVELY ADDRESSED WILL LIKELY CONTINUE INTO 2020.HONEYWELL SAYS IN SPS BUSINESS, PRODUCTIVITY PRODUCTS IS PROGRESSING ON ITS TURNAROUND, AND CO EXPECTS TO RETURN TO GROWTH AND MARGIN EXPANSION DURING 2020.  Full Article

American Airlines Expects Q3 Trasm To Be Up About 1.5% To 2.5%
Wednesday, 9 Oct 2019 

Oct 9 (Reuters) - American Airlines Group Inc ::AMERICAN AIRLINES GROUP INC - EXPECTS Q3 TRASM TO BE UP APPROXIMATELY 1.5 TO 2.5 PERCENT YEAR-OVER-YEAR.AMERICAN AIRLINES GROUP INC - ESTIMATES CANCELLATIONS OF 737 MAX FLIGHTS IN Q3 NEGATIVELY IMPACTED PRE-TAX INCOME BY APPROXIMATELY $140 MILLION.AMERICAN AIRLINES - EXPECTS TOTAL PRE-TAX NET SPECIAL ITEMS IN THE Q3 WILL BE APPROXIMATELY $280 MILLION, OF WHICH ABOUT $230 MILLION IS NON-CASH.AMERICAN AIRLINES - AS A RESULT OF EXTENSION OF MAX GROUNDING, CO NOW EXPECTS TO FLY ABOUT 70.1 BILLION AVAILABLE SEAT MILES (ASMS) IN IN Q4.AMERICAN AIRLINES - EXPECTS Q3 PRE-TAX MARGIN EXCLUDING SPECIAL ITEMS TO BE APPROXIMATELY 6.5 TO 7.5 PERCENT.AMERICAN AIRLINES - CONTINUES TO EXPECT Q3 TOTAL CASM EXCLUDING FUEL & SPECIAL ITEMS TO BE UP ABOUT 4.0 TO 6.0 PERCENT YEAR-OVER-YEAR.AMERICAN AIRLINES - WILL PROVIDE UPDATE TO FY IMPACT OF MAX GROUNDING ON Q3 EARNINGS CALL.AMERICAN AIRLINES GROUP INC - GROSS AIRCRAFT CAPEX, NET PDPS FOR Q3 ARE LOWER THAN PREVIOUS GUIDANCE.AMERICAN AIRLINES GROUP - Q3 GROSS AIRCRAFT CAPEX, NET PDPS FORECASTS LOWER DUE TO DELIVERY DATES OF CERTAIN AIRBUS AIRCRAFT MOVING FROM Q3 TO Q4.  Full Article

Boeing Books One Order For Its 737 MAX Jet From A Business Jet Customer On September 11
Tuesday, 8 Oct 2019 

Oct 8 (Reuters) - Boeing Co ::BOEING SAYS BOOKED ONE ORDER FOR ITS 737 MAX JET FROM A BUSINESS JET CUSTOMER ON SEPTEMBER 11.  Full Article

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Lawsuit against Boeing seeks to hold board liable for 737 MAX problems

A shareholder lawsuit filed on Monday accused Boeing Co's board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months.