Latest news with #Boeing777X
BusinessToday
04-07-2025
- Business
- BusinessToday
Stock Today: Capital A Slips At Midday As MAG Eyes Bigger Jet Deal With Airbus
Capital A Bhd's shares edged 1.18% lower to RM0.84 by midday Thursday, shedding one sen from the previous close, as trading momentum softened ahead of wider sector developments. The counter hovered between RM0.835 and RM0.855, with over 4.8 million shares traded by 2.06pm. The market's subdued sentiment came as industry attention turned to Malaysia Aviation Group's (MAG) potential aircraft order expansion. According to industry sources, MAG, the parent of Malaysia Airlines, is close to firming up an order for additional Airbus A330neo long-haul jets, with a possible announcement expected during Prime Minister Anwar Ibrahim's official visit to Paris this week. While the deal has no direct bearing on Capital A, which operates the low-cost AirAsia fleet, the anticipated order underscores MAG's growth ambitions in full-service long-haul operations, a segment Capital A has also explored in the past through its widebody arm, AirAsia X. The Airbus development, paired with broader industry moves in aerospace and fleet modernisation, is seen by some investors as a potential reconfiguration moment for Malaysia's aviation landscape. The earlier 2022 agreement between MAG and Airbus included 20 confirmed A330neo orders with options for another 20, which the group is now considering exercising. MAG has also signalled interest in evaluating larger aircraft such as the Airbus A350, Boeing 787 and Boeing 777X. Capital A continues to focus on digital expansion and its MRO business through Asia Digital Engineering, but investor sentiment has remained cautious amid increased competition and slow financial clarity on the group's transformation. The counter has been consolidating just below the RM0.90 threshold in recent weeks, with aviation stocks broadly reacting to both global macro headwinds and shifting strategic alignments among key players. Related
Yahoo
09-06-2025
- Business
- Yahoo
Great News for Boeing Investors
The narrative around Boeing stock continues to improve. Keeping the 777X on track for first delivery in 2026 is a key aim for Boeing. There are real signs of improvement at Boeing under Kelly Ortberg. 10 stocks we like better than Boeing › Boeing (NYSE: BA) received some positive commentary over a critical issue for its future. At a recent International Air Transport Association (IATA) summit, the president of Emirates airline, Tim Clark, made positive comments on the new widebody 777X, which should reassure investors that Boeing is on the right track under CEO Kelly Ortberg. Here's why. According to a Reuters article, Clark stated that Emirates had been informed it would receive its first 777X in the second half of 2026 or the first quarter of 2027. In addition, he declared himself "cautiously optimistic" over the turnaround at Boeing and noted progress at the aerospace giant. These are just comments. However, they matter, and particularly so when they come from the head of one of the largest international airlines in the world, Emirates. In addition, while Lufthansa is set to receive the first 777X in 2026, Emirates is, by some distance, the largest customer for the 777X at present. The airline has 205 unfilled orders for the 777X, followed by 97 unfilled orders from Qatar Airways, with Singapore Airlines a distant third with 31. The 777X is also pivotal to Boeing's future. The new widebody is larger and has a more extended range than Boeing's 787 Dreamliner and will service the high-demand long-haul international travel market. Generally, Airbus is considered the leader in the narrowbody market, while Boeing holds the lead in the widebody market. That said, Airbus has surpassed Boeing in the widebody market in recent years, partly due to quality control issues with the 787 and ongoing, costly delays on the Boeing 777X. Simply put, Boeing needs to keep the 777X on track, not least because airlines are likely to be more hesitant in placing orders when they see continued delivery delays. Furthermore, the delays are extremely costly, in terms of charges, and tying up capital in inventory that won't be utilized until deliveries take place. The 777X was initially intended to have its first delivery in 2020, and the subsequent delays to that timeline have proved embarrassing and costly for Boeing. In its fourth-quarter 2020 earnings report, Boeing recorded a $6.5 billion pre-tax charge on the program and informed investors that the first 777X delivery would occur in late 2023. Last October, Boeing announced a $2.6 billion charge, followed by a further $900 million charge in January. These charges total at least $10 billion. Furthermore, Boeing has inventory tied up in the program, and it's incurring increased research and development costs, with an increase of $525 million in 2023 and $435 million in 2024. Stemming the flow of these charges and losses would be a significant plus; that's why keeping to the revised 2026 target for first delivery is so important. It also counts because it discourages airlines from canceling orders and encourages them to place new orders. Suppose Boeing can demonstrate that it can deliver the first 777X in 2026 and effectively ramp up production thereafter. In that case, airlines can begin to build capacity assumptions based on having 777Xs in service at a given time. As previously discussed, the three key things investors need to see from Boeing are a satisfactory ramp-up in production on the 737 MAX (to an initial 38 a month), a return to profitability for Boeing Defense, Space & Security (BDS), and keeping the 777X on track. With Boeing making tangible progress on the 737 MAX (management expects to reach a 38-month rate soon), and BDS returning to profitability in the first quarter, the positive commentary on the 777X suggests Ortberg is achieving Boeing's three biggest aims in 2025. That's something likely to support the stock price as it moves through the year. Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Great News for Boeing Investors was originally published by The Motley Fool
The National
02-06-2025
- Business
- The National
Emirates boss 'cautiously optimistic' Boeing will deliver 777X jet by 2027
Emirates Airline president Tim Clark is 'cautiously optimistic' about Boeing's prospects of delivering the long-delayed 777X jet by early 2027. The Dubai-based carrier could receive its first wide-body plane between the third or fourth quarter of 2026 and the first quarter of 2027, and is getting 'clearer messages' on that delivery programme, Mr Clark said on the sidelines of the International Air Transport Association (Iata) annual meeting in New Delhi on Sunday. 'I'm quite impressed with the energy, the concern they have about getting that done … that's why I was cautiously optimistic because they weren't just talking the talk, they were walking the talk,' Mr Clark told reporters in the Indian capital. Referring to his recent meeting with Kelly Ortberg, Mr Clark praised the Boeing chief executive's efforts to turn the company around. 'I can see a high degree of determination and earnestness to get the job done,' he said. Mr Clark plans to visit Boeing in September to see the assembly lines and inspect the work. He recalled a previous Boeing visit in 2023 when 'I ran out screaming and I thought 'this is going nowhere',' he said. There have been a number of delays to Boeing's 777X programme, originally scheduled to be complete by 2020. Under the terms of their current contract, Boeing is required to hand over the first jet to Emirates by October 2025. While that is no longer achievable, there is a 'glimmer of light', according to Mr Clark. 'The important thing is they get it out and it's certified to the rigours of the new Boeing approach to building aircraft, safety of operations and all the quality controls that they were having difficulties with before that,' he said. If Boeing manages to get ETOPS certification flight test programme by the first quarter of 2026, then 'it is conceivable' that the aircraft will make its first entry into service by the third or fourth quarter of next year. Emirates is already organising buyer-furnished equipment for its first 777X aircraft to be installed at Boeing's factory. Besides getting the 777X jets out of the door, Boeing also faces the challenge of ramping up production as quickly as it can, Mr Clark said. If Emirates had received the aircraft on its original schedule, it would be operating 80 of the 777-9s by now. Mr Clark is 'hearing good stories' about the aircraft's wing, propulsion and take-off weights 'but seeing is believing and we're watching very closely'. With continuing delays in new aircraft deliveries, Emirates has put 219 aircraft through a full cabin refresh at a total investment of $5 billion in its retrofit programme, according to its latest annual financial report. Meanwhile, the airline has added the first four Airbus A350-900s to its fleet and is satisfied with the engine and aircraft performance. While the aircraft deliveries are 'constantly delayed', when they do fly, they are 'very popular' and the dispatch reliability is very high, he said. However, Emirates has held off from ordering the larger A350-1000 variant as Mr Clark remains critical of Rolls-Royce's Trent XWB-97 engine durability in the Gulf's harsh and hot climate conditions. If the Trent XWB-97 engine improvements are sorted out, then there is 'absolutely no reason' why the A350-1000 plane cannot be successful with Middle East carriers, he said. First-class upgrade on A380s Meanwhile, Emirates, a long-standing champion of the Airbus A380, will keep the double-decker in its fleet until the 'back-end' of the next decade, Mr Clark said. The duration of the A380s' lifetime is related to the product support that Emirates gets and it now has a 'huge store of parts', he said. The airline will also introduce a new design upgrade to the first-class cabin of its A380s to keep it refreshed through the end of the 2030s. 'Like a hotel, you've got to keep at it and we'll change out the products,' Mr Clark said. The new first-class for the aircraft is 'on the drawing board' now, he said, declining to divulge details. DWC expansion To grow Emirates' operations beyond the constraints of its home base in Dubai International Airport, the Dubai government is expanding its second hub at Al Maktoum International Airport (DWC). The construction work on the site is 'going at pace' and Mr Clark said he would not be surprised if the project gets delivered faster than its scheduled timeline in early 2030s. 'The workers are on-site and the equipment is on-site. We might even get it faster,' he said, declining to provide a prediction for an earlier delivery date. Asked if US suppliers such as engine-maker GE Aerospace could pass on tariff-related costs to airline customers like Emirates, Mr Clark said: 'They can ask what they want. I expect them to absorb a lot of that in their own margins.' However the on-again, off-again nature of the tariffs will make it difficult for suppliers to present their customers with predictable prices. 'At what point can you actually change a price point and present it to your customers on the basis of this ever-changing landscape of costs?' he said. Iata's 81st annual meeting of airline chiefs, with IndiGo as the host carrier, is taking place amid the turbulence of global trade tensions and difficulties around meeting the industry's goal of net-zero emissions by 2050.
Zawya
02-06-2025
- Business
- Zawya
Emirates airline boss sees positive progress at troubled Boeing
NEW DELHI - The head of the world's largest international airline, Dubai's Emirates, said on Sunday there were positive signs of progress at Boeing, having previously voiced frustration over delays in delivery of new jets from the planemaker. Emirates President Tim Clark said he was seeing a greater degree of determination from Boeing to resolve its many issues under a recently appointed CEO, and management had indicated cautious optimism over its recovery in discussion with Emirates. Boeing is trying to stabilize and ramp up production after a quality crisis and then labour strike shuttered production of most of its aircraft last year. Boeing is also awaiting certification from the U.S. Federal Aviation Administration for its 777X wide-body plane, of which Emirates has 205 on order. Deliveries of the 777X are set to start in 2026, six years behind schedule. Emirates has been told it could receive its first 777X any time between the second half of 2026 and the first quarter of 2027, Clark said, adding that he was sensing a more positive tone from Boeing on the plane's progress. Boeing and European planemaker Airbus are months and years behind on new plane deliveries, frustrating airlines that want to upgrade to more fuel-efficient aircraft and launch new services. Speaking at a news briefing on the sidelines of an IATA airline summit, Clark said the industry was still facing chronic aerospace supply problems and challenged planemakers to take responsibility. "I am pretty tired of seeing the hand-wringing about the supply chain: you (manufacturers) are the supply chain," Clark said. Last week, sources told Reuters that Airbus has been warning airlines it faces another three years of delivery delays in working through a backlog of supply-chain problems. Clark said the pandemic was no longer an acceptable excuse. "It's a highly consolidated industry ... I don't think they've managed to strip out the inefficiencies of the smaller units they brought together," he said of the largest aerospace firms. TARIFF IMPACT Emirates has not yet seen a shift in demand patterns as a result of U.S. President Donald Trump's tariff war, Clark told an annual meeting of the International Air Transport Association (IATA). Clark said he expected U.S. manufacturer GE Aerospace , which makes engines for some of Emirates' planes, to absorb a lot of the impact from tariffs into its own margins. GE is Emirates' main engine supplier. It has said that it is passing along tariff costs to customers in the form of a surcharge. Clark has previously expressed frustration with its other engine supplier, Britain's Rolls-Royce, because some engine models have struggled with maintenance problems when operating in the world's hottest climates. On Sunday, Clark said opportunities still exist in the Gulf region for Rolls-Royce if it can deliver the required performance. He left open whether a potential deal for Rolls-powered Airbus A350-1000 jets, which faltered over the durability of their engines at the Dubai Airshow in 2023, would be ready in time for the next edition in November this year. "I am not sure about that," he told reporters.
The National
01-06-2025
- Business
- The National
Emirates boss says Boeing conveying 'cautious optimism', with 777X delivery expected by 2027
Emirates Airline 's president Tim Clark said that Boeing has struck a tone of 'cautious optimism' during its meetings with the US plane maker, with expectations that the long-delayed 777X will be delivered by early 2027. The Dubai-based airline could receive its first 777X wide-body between the third or fourth quarter of 2026 and the first quarter of 2027, and is getting 'clearer messages' from Boeing on that delivery programme, he said on the sidelines of the International Air Transport Association (Iata) annual meeting in New Delhi on Sunday. 'We've engaged with the senior management of Boeing recently and they seem cautiously optimistic,' Mr Clark told reporters in the Indian capital. Emirates is still awaiting delivery of the Boeing 777X after the US plane maker faced a series of delays on that programme since 2020. With ongoing delays in new aircraft deliveries, Emirates will now put 219 aircraft through a full cabin refresh at a total investment of $5 billion in its retrofit programme, according to its latest annual financial report. The airline has added the first Airbus A350-900 to its fleet but held off from ordering the larger A350-1000 variant as Mr Clark remains critical of Rolls-Royce's engine performance in the Gulf's harsh and hot climate conditions. Meanwhile, Emirates, a long-standing champion of the Airbus A380, will keep the double-decker in its fleet until the end of the next decade, Mr Clark said. This comes as it seeks to extend the lifespan of the aircraft with a lack of a clear alternative as the 777X is yet to be certified, while the A350-1000's engines are yet to prove their durability for the Gulf's operating conditions. Iata's 81st annual meeting of airline chiefs, with IndiGo as the host carrier, is taking place amid the turbulence of global trade tensions and difficulties around meeting the industry's goal of net-zero emissions by 2050.
