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Boeing again cutting widebody production rate
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The company logo for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermidSEATTLE (Reuters) - Boeing Co is reducing its 787 widebody production to five jets monthly in mid-2021 from six, and delivered zero 787s to customers in November, as longer-haul travel demand remains weakened by the coronavirus pandemic, the U.S. planemaker’s Chief Financial Officer said on Friday.
Persons: Brendan McDermid SEATTLE Organizations: Boeing, New York Stock Exchange, REUTERS, Boeing Co, planemaker’s Locations: New York, U.S
American Airlines sees fourth-quarter cash burn at high end of guidance
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A Boeing 737 Max airplane is pictured on the tarmac at Dallas Fort Worth Airport before a media flight to Tulsa, Oklahoma in Dallas, Texas, U.S., December 2, 2020. REUTERS/Carlo Allegri/File Photo(Reuters) - American Airlines said on Friday it expects its fourth-quarter average daily cash burn to be at the high end of its previously forecasted range of between $25 million and $30 million. The U.S. airline said rising COVID-19 cases and travel restrictions have slowed net bookings growth, which has persisted into December. (bit.ly/3lAWb24)
Persons: Carlo Allegri Organizations: Boeing, Max, Dallas Fort Worth, REUTERS, American Airlines, U.S Locations: Dallas, Tulsa , Oklahoma, Dallas , Texas, U.S
REUTERS/Brendan McDermid/File PhotoSo-called “cyclical” stocks seen as particularly sensitive to the economy, such as energy and industrials, lead the gains as most S&P 500 sectors rose. The benchmark 10-year yield hit its highest level since March at over 0.98%, helping support financial shares which are highly sensitive to interest rates. Energy shares were also bolstered by gains in oil prices, with shares of Diamondback Energy Inc up 11.6% and Occidental Petroleum up 10.7%. Advancing issues outnumbered declining ones on the NYSE by a 3.18-to-1 ratio; on Nasdaq, a 2.55-to-1 ratio favored advancers. The S&P 500 posted 47 new 52-week highs and no new lows; the Nasdaq Composite recorded 199 new highs and 6 new lows.
Persons: Brendan McDermid, , it’s, , David Joy, nonfarm, Joe Biden, Ryan Detrick Organizations: Reuters, New York Stock Exchange, REUTERS, Financial, Labor, . U.S, Congress, Dow Jones, Nasdaq, Energy, Diamondback Energy Inc, Occidental Petroleum, Utilities, Boeing, NYSE Locations: U.S, New York City , New York, Boston, ., North Carolina
If Covid Doesn’t Scare You, Then Neither Should This Plane
  + stars: | 2020-12-04 | by ( Spencer Jakab | ) www.wsj.com sentiment -1.00   time to read: +1 min
The odds of them dying in a crash were infinitesimal even before the model’s safety overhaul. Their chances of catching Covid, and even dying from it, are higher. That is a higher proportion than those in a Franklin Templeton-Gallup survey who felt unsafe flying because of Covid-19 this summer. Yet on Thursday alone the U.S. death toll from Covid-19 was the equivalent of 16 fully loaded 737 MAX jets. If passengers feel comfortable with that then it really doesn’t matter what jetliner they are on.
Persons: Franklin Templeton, MIT Sloan, Arnold Barnett Organizations: Boeing, American Airlines, Bank of America, Gallup, MIT Locations: Covid
stock futures edged higher Friday as investors watched the Senate make progress on fiscal stimulus talks. Futures tied to the S&P 500 rose 0.3%, indicating muted gains in the broader gauge after the New York opening bell. Market Movers to Watch—DocuSign rose 4.7% premarket after the maker of e-signature software reported better-than-expected third-quarter revenue. Projections for the current quarter mostly missed Wall Street targets as the company pointed to supply challenges. —Pfizer fell 0.8% premarket.
Persons: Organizations: Nasdaq, Seer Inc, Silverback Therapeutics, Sigilon Therapeutics, Movers, Marvell Technology, — Pfizer Locations: York
UBS is predicting that the supersonic jet industry will be worth $340 billion by 2040, according to a new research report. Business Insider lists the 17 stocks best-positioned to benefit from the booming supersonic industry. The supersonic industry is predicted to be worth $340 billion by 2040, UBS says. Unless emissions decrease significantly through technological advancement, Shah expects there will be significant implications for the supersonic travel segment. Several companies are expected to be best positioned for the adoption of supersonic travel, either directly or indirectly.
Persons: Myles Walton, Walton, Lockheed Martin, Aniket Shah, Shah, Robert Bass Organizations: UBS, Business, Concorde, French, Air, NASA, Lockheed, Virgin Galactic, Spike Aerospace, Gulfstream, Boeing Locations: London, New York, Air France, Paris, Concorde
Deliveries of Dreamliners are also slower than expected because of inspections stemming from production issues, which Boeing disclosed in September. In October, Smith said on an earnings call that Boeing expects a "big fourth quarter on deliveries" of the 787. The 787 issues come just as Boeing is eager to resume deliveries of its beleaguered 737 Max plane. Boeing got a boost from budget European carrier Ryanair on Thursday when it announced it was buying an additional 75 Max jets on top the 135 it already ordered. Airlines with Max planes in their fleets are getting to work to convince travelers the Max jets are safe.
Persons: Greg Smith, Smith Organizations: Boeing, Credit Suisse, Federal Aviation Administration, Ryanair, Airlines, Max, U.S
Cramer's lightning round: You've got to go buy Regeneron stock here
  + stars: | 2020-12-04 | by ( Tyler Clifford | ) www.cnbc.com sentiment -1.00   time to read: 1 min
Boeing: "I think you should be interested in the stock of Boeing, which, even though because the Dreamliner numbers weren't that good and the stock went down ... I still think that stock is a buy." Canada Goose: "Next week Lululemon reports and I prefer Lululemon to Canada Goose. Canada Goose has not been able to extend the product pipeline like I wanted, as opposed to Lulu, which has done many, many good things." Regeneron Pharmaceuticals: "You've got to go buy Regeneron under $500."
Persons: Canada Goose, Lulu, It's, You've Organizations: Boeing, Technologies, Regeneron Pharmaceuticals, AMD Locations: Canada Goose, Canada
NEW YORK/LONDON/MELBOURNE/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Europe’s largest airline boosted its 737 MAX order from Boeing to 210, adding 75 aircraft, the U.S.-based manufacturer said on Thursday. And if Ryanair proves to have been too ambitious, it can prolong delivery and payment to Boeing. Richard’s bid gives Orange Belgium an enterprise value of nearly 1.6 billion euros, including its estimated 274 million euros of debt. But global luxury sales will still be between $40 billion and $80 billion below pre-pandemic levels next year, says McKinsey.
Persons: Angus Mordant, Robert Cyran, Boeing’s, it’s, can’t, Lauren Silva Laughlin, Brent, George Hay, Richard, Franco, Patrick Drahi, Drahi’s, Ed Cropley, Valery Giscard d’Estaing, Francois Mitterrand, Giscard, Tom Wolfe’s, Sherman McCoy, “ Giscards, Christopher Thompson, Peter Jackson, Draftkings, Jackson, Liam Proud, Morgan Stanley, Aimee Donnellan, What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: Reuters, Corona, REUTERS, Chevron, Boeing, Exxon Mobil, Ryanair, SCORE, of, Petroleum, Saudi, United Arab Emirates, U.S, drillers, Paris, Orange, FRANCE, Socialist, United, Portland Estates, Qantas Airways, Qantas, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Pershing Square Holdings, Euronext Amsterdam, London Stock Exchange Locations: MELBOURNE, MILAN, Loving County , Texas, U.S, Europe’s, Russia, Saudi Arabia, UAE, ORANGE, France, Belgium, Brussels, Belgian, Orange Belgium, Amsterdam, , American, Dublin, confinements, United Kingdom, Germany, Italy, Spain, Portland, Paris, London, Oslo, China, Middle Kingdom, Europe
United Airlines says will be first to receive 737 MAX delivery
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris HelgrenCHICAGO (Reuters) - United Airlines expects to be the first airline to receive a Boeing Co 737 MAX delivery following a 20-month grounding of the jet, a spokesman said on Thursday. The delivery should take place next week, he said. United expects to receive eight new 737 MAX jets this month.
Persons: Chris Helgren CHICAGO Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing Co Locations: New Jersey, U.S
Ryanair Announces Purchase of 75 Boeing 737 Max Jets
  + stars: | 2020-12-03 | by ( ) www.nytimes.com + 1.00   time to read: +1 min
I don’t care whether they call it the Boeing Max, they call it the Boeing 737-8200, we call it the game changer, what you call it. What’s not often understood about the Boeing Max is it’s already accomplished over 840,000 flight hours. It’s been flying for 22 months, from May 2017 to March 2019 — 46 million people have already flown in the Max aircraft and loved it. It’s a great aircraft. We have reinstilled, reinvigorated use any word you like, everything that has anything to do with safety across our company.”
Persons: , Boeing Max, It’s, What’s, it’s, we’ve, Organizations: Boeing, Max, Ryanair Locations: Europe
Southwest issues layoff warnings to 6,828 employees
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake(Reuters) - Southwest Airlines Co said on Thursday it had issued notices to 6,828 employees warning them that they could be furloughed, amid a slump in demand for air travel due to the coronavirus crisis. The involuntary furloughs will happen on March 15 or April 1, unless Southwest reaches cost-saving agreements or the government enacts a satisfactory Payroll Support Program extension. Bloomberg News had reported here the layoff notices earlier on Thursday.
Persons: Mike Blake Organizations: Southwest Airlines Boeing, REUTERS, Southwest Airlines Co, Bloomberg News Locations: Victorville , California, U.S, Southwest
Ryanair CEO says he wants another Boeing order within 18 months
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Ryanair Chief Executive Michael O'Leary speaks during a Reuters Newsmaker event in London, Britain October 1, 2019. REUTERS/Peter NichollsDUBLIN (Reuters) - Ryanair hopes to agree another large order of the 737 MAX jets with manufacturer Boeing over the next 18 months and expects to be flying the 230-seat MAX 10 by 2025, Group Chief Executive Michael O’Leary told Reuters in an interview on Thursday. “I would like to see a follow-on order some time over the next 12 or 18 months,” O’Leary said in a phone interview after signing a deal for 75 additional 197-seat MAX 200 jets. “Very much part of the agreement we announced today is that Ryanair are going to be at the front of the queue when Boeing are able to price a MAX 10 order and put together a delivery programme,” he said. O’Leary said he was in active discussions about the MAX 10 but also said that the delivery timetable of the MAX 10 programme looked likely to slip.
Persons: Michael O'Leary, Peter Nicholls DUBLIN, Michael O’Leary, , ” O’Leary, , O’Leary Organizations: Ryanair, Reuters, REUTERS, Boeing Locations: London, Britain
Ryanair agrees to buy 75 737 MAX jets in boost for Boeing
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. REUTERS/Jason CairnduffWASHINGTON (Reuters) - Budget airline Ryanair on Thursday ordered 75 additional Boeing 737 MAX jets with a catalogue value of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban. The order from the Irish airline, Europe’s biggest low-cost carrier and one of Boeing’s most important customers, is the largest for the jet since 2018 before two fatal crashes led to its grounding.
Persons: Jason Cairnduff WASHINGTON Organizations: Ryanair, Dublin Airport, REUTERS, Budget, Boeing, Irish Locations: Dublin, Ireland, U.S
SEATTLE/DUBLIN (Reuters) - Budget airline Ryanair on Thursday ordered 75 additional Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban. “The Boeing MAX is a fabulous aircraft,” Ryanair Chief Executive Michael O’Leary said. Ryanair did not disclose the price it will pay, but traders say deals typically include discounts in excess of 50% of list prices. Reuters reported on Wednesday that Ryanair was close to placing an order for up to 75 Boeing jets. Boeing is also negotiating with airlines including Southwest and Delta and Alaska Airlines, which last month agreed to lease 13 Boeing MAX jets, industry sources have said.
Persons: Jason Cairnduff, David Calhoun, “ I’ve, Michael O’Leary, O’Leary Organizations: SEATTLE, Reuters, Budget, Ryanair, Boeing, Irish, Dublin Airport, REUTERS, Washington DC, Alaska Airlines, Boeing MAX Locations: DUBLIN, U.S, Dublin, Ireland, Washington, Indonesia, Ethiopia, Southwest, Delta, United States
SEATTLE/DUBLIN (Reuters) - Budget airline Ryanair on Thursday ordered 75 Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban. Part of the discount was compensation for the 18-month delay to the first delivery of the MAX, O’Leary said. Asked during the signing ceremony about price concessions Boeing offered, O’Leary joked: “Not enough ... Ryanair also hopes to agree to another large order of the 737 MAX over the next 18 months, and expects to be flying the 230-seat MAX 10 by 2025, O’Leary told Reuters. Boeing is also negotiating with airlines including Southwest and Delta and Alaska Airlines, which last month agreed to lease 13 Boeing MAX jets, industry sources have said.
Persons: Jason Cairnduff, “ I’ve, David Calhoun, “ It’s, Michael O’Leary, O’Leary, , , ” O’Leary Organizations: SEATTLE, Reuters, Budget, Ryanair, Boeing, Dublin Airport, REUTERS, Irish, Alaska Airlines, Boeing MAX, Wizz Air Locations: DUBLIN, U.S, Dublin, Ireland, Washington, Indonesia, Ethiopia, Southwest, Delta, United States
(Reuters) - Futures tracking the S&P 500 and the Dow hovered near record highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and high unemployment. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoNasdaq futures rose 0.2% as heavyweight Tesla Inc gained 4.5% premarket after Goldman Sachs upgraded the stock to “buy” from “neutral” in the run-up to the electric-car maker’s addition to the S&P 500. The Labor Department’s report showed initial claims for jobless benefits decreased to a seasonally adjusted 712,000 for the week ended Nov. 28. At 08:38 a.m. EST, Dow E-minis were up 10 points, or 0.03% and S&P 500 E-minis were down 1.5 points, or 0.04%.
Persons: Brendan McDermid, Goldman Sachs, , , Raffi Boyadjian Organizations: Reuters, Dow, New York Stock Exchange, REUTERS, Tesla, Labor, XM, Republicans, Democrats, Congress, U.S . Centers for Disease Control, Dow E, 3M, Boeing Co, Zscaler Inc, Waddell & Reed Financial, Australia’s Macquarie Group Locations: New York, U.S, COVID, Angeles
(Reuters) - The S&P 500 and Nasdaq touched all-time highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and dismal economic data. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. ET, the Dow Jones Industrial Average rose 119.10 points, or 0.40%, to 30,002.89, the S&P 500 gained 10.22 points, or 0.28%, to 3,679.23 and the Nasdaq Composite gained 80.29 points, or 0.65%, to 12,429.65. Seven of the 11 major S&P sectors were higher, with industrial and real estate sectors posting the sharpest percentage gains. The S&P 500 posted 23 new 52-week highs and no new low while the Nasdaq recorded 192 new highs and six new lows.
Persons: Brendan McDermid, Tesla, Goldman Sachs, , Michael Sheldon Organizations: Reuters, Nasdaq, New York Stock Exchange, REUTERS, Boeing Co, Ryanair, Goldman, , RDM, Hightower, Democrats, Congress, U.S . Centers for Disease Control, Dow Jones, 3M, Zscaler Inc, Waddell & Reed Financial, Australia’s Macquarie Group, NYSE Locations: New York, U.S
(Reuters) - The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. Tesla Inc’s 4% gain underpinned the Nasdaq after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric-car maker’s addition to the S&P 500. ET, the Dow Jones Industrial Average rose 180.08 points, or 0.60% to 30,063.87, the S&P 500 gained 9.03 points, or 0.25% to 3,678.04 and the Nasdaq Composite gained 58.22 points, or 0.47% to 12,407.61. The S&P 500 posted 28 new 52-week highs and no new low while the Nasdaq recorded 241 new highs and 10 new lows.
Persons: Brendan McDermid, Tesla, Goldman Sachs, , Mike Cornacchioli, Mitch McConnell Organizations: Reuters, Nasdaq, Dow, Boeing, New York Stock Exchange, REUTERS, Boeing Co, Ryanair, Goldman, , Wealth, Dow Jones, Carnival Corp, Norwegian Cruise Line Holdings, Zscaler Inc, Waddell & Reed Financial, Australia’s Macquarie Group, NYSE Locations: New York, U.S, Norwegian
Vaccine optimism propels Nasdaq to record high
  + stars: | 2020-12-03 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The Nasdaq Composite hit an all-time high on Thursday as investors stayed focused on a COVID-19 vaccine and looked beyond bleak economic data, while Boeing Co lifted the Dow Jones Industrial Average. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoThe S&P 500 bounced between a slight loss and a slight gain after hitting a record high. The Dow Jones Industrial Average was up 0.42% at 30,008.19 points, while the S&P 500 gained 0.04% to 3,670.36. The S&P 500 posted 32 new 52-week highs and no new lows; the Nasdaq Composite recorded 154 new highs and six new lows.
Persons: Brendan McDermid, Goldman Sachs, , , Sal Bruno, Mitch McConnell, decliners Organizations: Reuters, Nasdaq, Boeing Co, Dow Jones, New York Stock Exchange, REUTERS, Boeing, Ryanair, Tesla Inc, ” U.S, Carnival Corp, Norwegian Cruise Line Holdings, Zscaler Inc, Waddell & Reed Financial, Australia’s Macquarie Group, NYSE Locations: New York, U.S, , Norwegian
S&P 500 ends lower after hitting record high
  + stars: | 2020-12-03 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - The S&P 500 ended lower on Thursday after a report that Pfizer Inc had slashed the target for the rollout of its COVID-19 vaccine. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. Tesla Inc surged after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric car maker’s addition to the S&P 500. Progress in developing a working COVID-19 vaccine before the end of the year has driven Wall Street’s main indexes to record levels in recent days. Despite the economic destruction caused by the pandemic, the S&P 500 has gained about 14% in 2020.
Persons: Brendan McDermid, Goldman Sachs, Tesla, , , Sal Bruno, Mitch McConnell Organizations: Reuters, Pfizer Inc, New York Stock Exchange, REUTERS, Wall Street Journal, Pfizer, Boeing Co, Ryanair, Tesla, Boeing, ” U.S, Dow Jones, Nasdaq Locations: New York, U.S,
Nasdaq hits record high, S&P 500 ends lower
  + stars: | 2020-12-03 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +3 min
Tesla surged 5% after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric car maker’s addition to the S&P 500 index. Despite the economic destruction caused by the pandemic, the S&P 500 has gained about 13% in 2020. Six of 11 S&P 500 sector indexes rose, led by a 1% gain in energy. The Dow Jones Industrial Average rose 0.29% to end at 29,969.52 points, while the S&P 500 lost 0.06% to 3,666.72. The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 174 new highs and seven new lows.
Persons: Tesla, Goldman Sachs, , Peter Cardillo, , Sal Bruno, Brendan McDermid, Mitch McConnell, decliners Organizations: Reuters, Nasdaq, Tesla Inc, Pfizer Inc, Boeing, Wall Street Journal, Pfizer, Spartan Capital Securities, New York Stock Exchange, REUTERS, U.S, Boeing Co, Ryanair, planemaker, Dow Jones, Carnival Corp, Cruise Line Holdings Ltd, Zscaler Inc, NYSE Locations: New York, U.S
MELBOURNE/LONDON/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Such developments will make it the envy of many peers, some of which are still raising capital to cope with the pandemic. But global luxury sales will still be between $40 billion and $80 billion below pre-pandemic levels next year, says McKinsey. The hedge fund manager’s prescient bets against corporate credit ahead of the lockdown crisis have helped lift his London-listed fund’s net asset value by 63% this year. That may help close its roughly 20% discount to net asset value.
Persons: What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, Ed Cropley, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: MELBOURNE, Reuters, Corona, Qantas, Boeing, Sydney Airport, Norwegian Air, Pershing Square Holdings, Qantas Airways, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Euronext Amsterdam, London Stock Exchange Locations: LONDON, MILAN, Sydney, Australia, Oslo, China, Middle Kingdom, Europe
Boeing Wins First Big 737 MAX Order Since Grounding Ended
  + stars: | 2020-12-03 | by ( Andrew Tangel | ) www.wsj.com sentiment -0.83   time to read: +1 min
Ryanair Holdings PLC on Thursday said it agreed to buy 75 of Boeing Co. ’s 737 MAX jets, a boost for the troubled plane maker following the aircraft’s prolonged grounding. Ryanair chose to exercise the option it had to buy additional aircraft on top of 135 it had previously agreed to buy from Boeing. The U.S. last month approved the MAX for passenger flights again, issuing a set of safety directives and notices to airlines globally. As of last month, airlines and aircraft-leasing firms had canceled about 10% of Boeing’s outstanding MAX orders this year. Boeing has said it believes hundreds more of its remaining more than 4,000 orders could be in jeopardy because of the financial health of some customers.
Persons: Michael O’Leary, , Organizations: Ryanair Holdings PLC, Boeing Co, Ryanair, Boeing, U.S, MAX Locations: Chicago
American Airlines goes full throttle to restore Boeing MAX fleet
  + stars: | 2020-12-03 | by ( Tracy Rucinski | ) www.reuters.com + 0.00   time to read: +3 min
TULSA, Oklahoma (Reuters) - American Airlines’ maintenance team is scrambling to complete safety changes to its fleet of Boeing 737 MAX jets ahead of a phased return to service, while deliveries of new jets are set to begin as early as this week. FILE PHOTO: An American Airlines Boeing 737 MAX 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, U.S., March 12, 2019. Combating that has been rather interesting,” said Erik Olund, managing director of base maintenance in Tulsa, Oklahoma, under the wing of a 737 MAX. But as the aircraft returns during a pandemic that has crushed air travel demand and left questions over customers’ willingness to fly, American is planning a phased re-introduction to its commercial schedule. It plans to take delivery of eight new 737 MAX jets from Boeing this month that would already have the FAA-mandated system upgrades, Seymour said.
Persons: Shannon Stapleton, , Erik Olund, David Seymour, Seymour, ” Olund, American’s Organizations: American Airlines, Boeing, American Airlines Boeing, LaGuardia, REUTERS, Federal Aviation Administration, FAA, Airlines Locations: TULSA , Oklahoma, Miami, New York City, New York, U.S, Tulsa , Oklahoma, Tulsa
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