greggles
I'll be back!
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Ouch!
BA - Boeing Co. (NYSE)
- Thread starter greggles
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Ouch!
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I don't think it's too late for more shorts but there's an increasing probability that BA will go into Chapter 11 (bankruptcy protection).
The cruising companies are in the same boat.
The cruising companies are in the same boat.
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https://www.aussiestockforums.com/t...ronavirus-outbreak.35169/page-47#post-1061076
Not putting myself on a pedestal but it seems a good illustration of the situation the world is in at the moment. I posted this 5 days ago and it seemed ridiculous at the time but now seems increasingly plausible.
Things are moving incredibly fast......
Not putting myself on a pedestal but it seems a good illustration of the situation the world is in at the moment. I posted this 5 days ago and it seemed ridiculous at the time but now seems increasingly plausible.
Things are moving incredibly fast......
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https://finance.yahoo.com/news/trump-says-u-government-assistance-171516043.html
WASHINGTON (Reuters) - U.S. President Donald Trump said the government would provide financial assistance to Boeing Co <BA.N> as the entire aviation sector faces economic turmoil over the coronavirus pandemic.
"Boeing got hit hard in many different ways," Trump said at a press conference and confirmed he was also considering providing assistance to airplane suppliers. "We have to protect Boeing... We'll be helping Boeing." Boeing said Monday it was in talks with senior U.S. officials about short-term assistance for itself and the entire aviation sector. Boeing has been struggling to win approval from regulators for its 737 MAX to return to service after two fatal crashes in five months.
jog on
duc
WASHINGTON (Reuters) - U.S. President Donald Trump said the government would provide financial assistance to Boeing Co <BA.N> as the entire aviation sector faces economic turmoil over the coronavirus pandemic.
"Boeing got hit hard in many different ways," Trump said at a press conference and confirmed he was also considering providing assistance to airplane suppliers. "We have to protect Boeing... We'll be helping Boeing." Boeing said Monday it was in talks with senior U.S. officials about short-term assistance for itself and the entire aviation sector. Boeing has been struggling to win approval from regulators for its 737 MAX to return to service after two fatal crashes in five months.
jog on
duc
I'm 99% sure nothing would happen to Boeing. Unfortunately it doesn't means the investors are safe. Government can assist Boeing but not its investors. They can bankrupt it and transfer all the real assets into new company, leaving stock holders with nothing. GE as an example.
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Great news today !
The FAA has finally lifted its 737 MAX ban ! Won't be long before other jurisdictions follow suit.
The FAA has finally lifted its 737 MAX ban ! Won't be long before other jurisdictions follow suit.
Boeing 737 MAX Updates
The official source for information on the 737-8 and 737-9 airplanes and their return to service. Get the most up-to-date and accurate information from Boeing.
www.boeing.com
Knobby22
Mmmmmm 2nd breakfast
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They have to get their act together. Killing the astronauts would be disastrous. Hope those guys are getting overtime. Meant to be up for 8 days. Looking like who knows? A year and a half?
Value Collector
Have courage, and be kind.
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They will be loving the extra time in space, and extra pay, they aren’t in danger.
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Yes saw that too, they must not sleep that well, and when the US will ask Russia to get them out, you have to hope Trump will be in power, as otherwise, a refusal would be expected
Knobby22
Mmmmmm 2nd breakfast
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No, it will be Musk-Spacex that gets them out if they can't get it right.
Boeing would hate that though.
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Indeed but in this case, if i was in space now as these guys, i might rewrite my will.
Knobby22
Mmmmmm 2nd breakfast
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SpaceX will now officially rescue the astronauts.
www.bbc.com
Starliner: Astronauts stuck in space will return with SpaceX
Sunita Williams and Barry Wilmore were supposed to be on an eight-day mission, but will not return to Earth until 2025.
www.bbc.com
Dona Ferentes
A little bit OC⚡DC
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.. After months of turmoil over its safety, Boeing's new astronaut capsule departed the International Space Station on Friday (US time) without its crew and headed back to Earth.
NASA's two test pilots stayed behind at the space station — their home until next year — as the Starliner capsule undocked 420km over China, springs gently pushing it away from the orbiting laboratory.
The return flight was expected to take six hours, with a nighttime touchdown in the New Mexico desert.
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Funny how 20y ago, they would have been given a ride home on a Soyouz but in 2024, the US prefer betting on an untested transfer to Elon's rocket.
I hope they will make it but would recommend life insurance ....
And yes better odds on SpaceX
I hope they will make it but would recommend life insurance ....
And yes better odds on SpaceX
Knobby22
Mmmmmm 2nd breakfast
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It landed OK.
So they probably would have made it.
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True, landed but how? Fast? pressurised?
The idds might not have been great for them to prefer unknown ...
Boeing or Nasa or Ariane can not compete with Elon, or China
Completely different way of managing companies projects, completely different type of employees..
I had an interview for a Boeing defence job in Australia 15y ago, and when i left the room, i knew i did not want to join...20y behind, and previous experience in that field was with French company which was not especially avant garde.....
Companies do morph, and they are big enough to.. IBM did partly, Sun as well..
But i would bet the existing heavy corporate structures still remain.
Probably better if flying a Boeing 737 as a passenger..
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I took a tour of the boeing factory recently when I was in Seattle.
The security has intense.
No photographs, indeed no electronic devices of any kind were allowed on the tour.
Interesting, but then most of the hard work is actually done by Spirit Aerospace in Witchita Kansas where they build the fuselages.
Its all time high was in February 2019 at $435.
Been down hill since then.
The quarterly EPS shows losses for the past 19 quarters, which might explain the underling SP weakness.
Another once great company slowly dying and losing its innovative leadership.
Mick
The security has intense.
No photographs, indeed no electronic devices of any kind were allowed on the tour.
Interesting, but then most of the hard work is actually done by Spirit Aerospace in Witchita Kansas where they build the fuselages.
Its all time high was in February 2019 at $435.
Been down hill since then.
The quarterly EPS shows losses for the past 19 quarters, which might explain the underling SP weakness.
Another once great company slowly dying and losing its innovative leadership.
Mick
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I should have added that the above comment was posted as a result of the news that Boeing is laying off 17,000 workers.
New York Times
Mick
New York Times
Mick
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Boeing is another once great company gutted by decades of fraud and parasitic management. Capitalism is slowly dying. Company executives need to start going to prison.
