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☆ Analysis: Airbus and Boeing try to fill giant factories with small jets
▼ + stars: | 2023-01-31 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

[1/5] A350 passenger aircraft are seen parked at the Airbus factory in Blagnac near Toulouse in France, June 18, 2020. That comes as Airbus is mid-way through installing a new production line for its hot-selling A321neo narrow-body jet in the deserted Lagardere building. 'STATEMENT' TO AIRBUS AND INVESTORSAirbus and Boeing were for years evenly matched in the single-aisle market which generates most cash. "(Boeing) don't want to be in a situation where Airbus moves to 70 and they are stuck at 50. "So this is a very important statement (to Airbus): 'We are not going to withdraw from the market'," he added.

SEATTLE/WASHINGTON, Jan 30 (Reuters) - Boeing Co (BA.N) told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email seen by Reuters that the new line will be its fourth 737 MAX one and is needed because of "strong product demand." Boeing is reactivating its third 737 MAX line in Renton, Washington, Deal's email added. Boeing booked nearly 700 MAX orders last year, delivered 387 737s and has a total backlog of about 3,600 MAX airplanes. Boeing said this month it has stabilized 737 production at 31 per month with plans to ramp production to approximately 50 per month in the 2025 to 2026 timeframe.

☆ Boeing to add 737 MAX line as it boosts production
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: 1 min

SEATTLE/WASHINGTON, Jan 30 (Reuters) - Boeing Co told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email seen by Reuters that the new line will be its fourth 737 MAX one and is needed because of "strong product demand." Boeing is reactivating its third 737 MAX line in Renton, Washington, Deal's email added. Reporting by Valerie Insinna in Seattle and David Shepardson in Washington; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Boeing plans to add a new 737 Max production line to meet strong demand
▼ + stars: | 2023-01-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Boeing said it plans to add a fourth 737 Max production line in the second half of next year as it targets higher output of its best-selling plane, an executive told staff on Monday. Boeing booked 700 orders for new 737 Max planes last year. Boeing still plans to operate three production lines at the Renton, Washington, 737 Max factory, Deal said. Boeing plans to hand over the last 747 it has produced to cargo carrier Atlas Air on Tuesday afternoon.

[1/2] An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey WassonCompanies Boeing Co FollowFORT WORTH, Texas/WASHINGTON Jan 26 (Reuters) - Boeing Co (BA.N) pleaded not guilty on Thursday to a 737 MAX fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane's flawed design. U.S. District Judge Reed O'Connor last week ordered Boeing to appear to be arraigned after he ruled that people killed in the two Boeing 737 MAX crashes are legally considered "crime victims." The Justice Department in 2021 agreed to seek dismissal of the charge after the three-year agreement if Boeing complies with all terms. Lawyers for the victims said Boeing admitted under the agreement "that the 737 MAX had an unsafe condition, and that it will not attempt to blame anyone else" for the crash.

☆ Stocks making the biggest moves premarket: Oak Street Health, Frontline, Boeing and more
▼ + stars: | 2023-01-10 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Oak Street Health – Shares of Oak Street Health surged 36% after a Bloomberg report that CVS is exploring options to buy the health care company for more than $10 billion. Frontline –The shipping stock surged more than 24% in premarket trading after Frontline announced that it was terminating its combination with Euronav. Boeing — The aerospace giant fell more than 2% after Morgan Stanley downgraded Boeing to equal weight from overweight, citing a lack of potential upside from current levels. Meanwhile, the firm upgraded competitor Royal Carribean, which added 0.3% in the premarket, to equal weight from underweight.

☆ Boeing's aircraft deliveries slipped in October on 737 fuselage flaw
▼ + stars: | 2022-11-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Boeing 's aircraft deliveries in October fell from a month earlier after a fuselage flaw in its bestselling 737 Maxes delayed handovers of new planes. The Virginia-based manufacturer's commercial aircraft unit had told investors that the flaw would impact its delivery numbers for the month. "We'll recover on that quickly," Stan Deal, chief executive of Boeing's commercial airplane unit, said during an investor event last week. The company logged orders for 122 of its 737 Max planes in October from carriers including Alaska Airlines and British Airways' parent International Consolidated Airlines Group.

☆ Boeing reports quarterly loss on problems in Air Force One, tanker programs
▼ + stars: | 2022-10-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Boeing reported a $3.3 billion quarterly loss Wednesday as problems in its defense unit countered strides in its commercial aircraft business. Revenue: $15.96 billion vs. $17.76 billion expected. Boeing reported losses of $2.8 billion in its defense unit on programs including the KC-46 tanker and Air Force One. Alaska Airlines on Wednesday said it would exercise options to buy 52 Boeing 737 Max planes to its fleet and rights for 105 more of them through 2030.

☆ U.S. Senate defense bill does not extend Boeing 737 MAX certification -sources
▼ + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018. REUTERS/Jason Redmond/File PhotoWASHINGTON, Oct 11 (Reuters) - The latest version of the U.S. Senate's defense bill does not contain an amendment to extend a December deadline for Boeing Co (BA.N) to win regulatory approval for the 737 MAX 7 and MAX 10 jetliners, according to sources and documents seen by Reuters. Unless it gains an extension from Congress, Boeing must meet new modern cockpit-alerting requirements that could significantly delay the planes' entry into service. Wicker had sought to attach the measure to the version of the defense bill that was filed on Tuesday. There are other opportunities to make changes to the defense bill and an extension could be attached to other measures Congress will consider before year end.

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☆ GE unit boosts medical dye output as China COVID lockdown cuts supplies
▼ + stars: | 2022-05-10 | by ( ) www.reuters.com time to read: +3 min

read moreSome of the largest U.S. hospitals said on Tuesday they are facing critical shortages of iodinated contrast media products. The Greater New York Hospital Association (GNYHA) warned on May 4 of temporary supply shortages of GE Healthcare's iodinated contrast media - specifically its Omnipaque products made in Shanghai. "We are working around the clock to expand capacity of our iodinated contrast media products," a GE spokesperson said after the company had to close its Shanghai facility for several weeks due to local COVID policies. GE Healthcare has four contrast media manufacturing facilities, including the one in Shanghai. A spokesperson for Bayer (BAYGn.DE), which competes with GE Healthcare in contrast media, said it is not facing a similar situation.

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