Latest news with #FAA-imposed
Yahoo
29-05-2025
- Business
- Yahoo
Boeing Eyes June Delivery Restart in China
Boeing (NYSE:BA) jumps about 2.7% as CEO Kelly Ortberg says China will restart aircraft deliveries in June and outlines plans to boost 737 MAX output. Warning! GuruFocus has detected 6 Warning Signs with BA. Ortberg told Bernstein attendees that China, which paused Boeing deliveries in April over U.S. tariffs, has confirmed it will accept new jets next month. He noted that tariffs on Dreamliner components from Italy and Japanbuilt in South Carolinacan largely be reclaimed upon export. On production, Ortberg aims to lift 737 MAX rates from the mid-30s per month to 42 by mid-year and 47 by year-end, reversing the FAA-imposed cap of 38/month that followed last year's door-plug safety incident. Investors should care because resuming China deliveries unlocks a crucial growth market, while a higher MAX output targets backlog reduction and stronger free cash flow. With June deliveries set to resume and production targets looming, markets will be watching Boeing's next quarterly update and any FAA signals on restoring full production capacity. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Boeing Eyes June Delivery Restart in China
Boeing (NYSE:BA) jumps about 2.7% as CEO Kelly Ortberg says China will restart aircraft deliveries in June and outlines plans to boost 737 MAX output. Warning! GuruFocus has detected 6 Warning Signs with BA. Ortberg told Bernstein attendees that China, which paused Boeing deliveries in April over U.S. tariffs, has confirmed it will accept new jets next month. He noted that tariffs on Dreamliner components from Italy and Japanbuilt in South Carolinacan largely be reclaimed upon export. On production, Ortberg aims to lift 737 MAX rates from the mid-30s per month to 42 by mid-year and 47 by year-end, reversing the FAA-imposed cap of 38/month that followed last year's door-plug safety incident. Investors should care because resuming China deliveries unlocks a crucial growth market, while a higher MAX output targets backlog reduction and stronger free cash flow. With June deliveries set to resume and production targets looming, markets will be watching Boeing's next quarterly update and any FAA signals on restoring full production capacity. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- General
- Yahoo
Radio Silence: The 30 Seconds That Crippled Newark Airport
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways What started as 30 seconds of silence in a New Jersey sky spiraled into a multi-day breakdown at Newark Liberty International Airport, grounding flights, traumatizing air traffic controllers, and laying bare the fragility of America's air traffic control system. CNN reported that on April 28, communication between Philadelphia-based air traffic controllers and planes headed to Newark failed mid-approach. 'Approach, are you there?' one pilot asked repeatedly. It took five attempts before a controller responded. That brief outage cascaded into hours of chaos and a backlog that took days to unwind. The issue wasn't just a glitch. It was a collapse. Radar went down. Backup systems failed. Pilots were left unsure of their positioning. At least five Federal Aviation Administration (FAA) controllers took trauma leave, and over 500 flights were delayed or canceled in the immediate aftermath. Some aircraft, flying blind at hundreds of miles per hour, had to rely on outdated instructions or contact towers directly — a jarring reality in one of the nation's busiest air corridors. Transportation Secretary Sean Duffy didn't mince words. 'We use floppy disks. We use copper wires,' he said. 'The system we're using is not effective to control today's traffic.' Related: U.S. Travelers Warned to Avoid Major Airport, 'It Is Not Safe' The FAA now faces renewed scrutiny for its chronically understaffed control towers and archaic equipment. United Airlines CEO Scott Kirby said over 20% of Newark controllers were out last week, though the union disputes they walked off the job. Instead, sources close to the facility say workers were 'traumatized' and took protected leave to recover. The delays have persisted into May. FAA advisories show Newark has faced 14 straight days of FAA-imposed restrictions, and average arrival delays reached nearly five hours. Passengers voiced concern not only about long waits but also about flying in skies governed by a system that appears on the verge of failure. The FAA has pledged a sweeping modernization effort over the next three to four years. In the meantime, delays at Newark are expected to continue as staffing and equipment issues persist. Related: Think You Have to Do TSA Facial Recognition? Think Again
Yahoo
25-03-2025
- Business
- Yahoo
Plastic Composites Could Replace Aluminum On Planes To Speed Up Production
After an FAA-imposed limit on production and a 53-day machinist strike, it's safe to say that Boeing isn't building as many planes as it used to. Boeing and its European rival Airbus are now looking to use thermoplastics to ramp up assembly times drastically for their next generation of airliners. Both aviation giants announced these ambitions and floated a target of building 100 planes a month during an industry conference in Paris last week. Airbus and Boeing are exploring how they could replace tried and tested aluminum with thermoplastics to implement cutting-edge production methods on future models, Reuters reports. Composite components could be bonded together using ultrasonic welding instead of riveting. These materials also wouldn't have to be cured in an autoclave like the carbon fiber-reinforced plastic used on the Boeing 787 Dreamliner. The next-generation jets would be cheaper and faster to build, which would be music to shareholders' ears. Composites have been proven to be strong and durable enough for airlines. Carbon-fiber-reinforced plastic was put to the ultimate test last year when a Japan Airlines Airbus A350-900 collided with another plane at Haneda Airport in Tokyo. All 367 passengers and 12 crew members escaped the burning aircraft safely in 18 minutes before the fuselage was completely engulfed in flames. Read more: Lawmaker Asks Delta Pilot About Being A 'Stewardess' Immediately After Being Told She's A Pilot The shift in construction processes would likely face fierce scrutiny from the FAA. Boeing is still under intense oversight after a door plug blowout on an Alaska Airlines Boeing 737 Max over Portland, Oregon last year. Regulators initially halted production of the 737 Max as the planemaker was investigated. Once production was restarted, Boeing was limited to building 38 planes per month. According to the Seattle Times, Transportation Secretary Sean Duffy stated the cap will remain in place for the foreseeable future. Despite the regulatory hurdles, Boeing is understandably committed to increasing its plane throughput. The manufacturer has a backlog of nearly 5,600 orders and only delivered 348 planes last year. Boeing's lack of quality control as it pushed out as many planes as possible created this dilemma, costing the company billions of dollars, but the only way out is building planes even faster. Can you dig your way out of a hole? Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
19-03-2025
- Business
- Yahoo
Boeing's Big Comeback? Stock Soars, Production Ramps Up--But There's a Catch
Boeing (NYSE:BA) just gave investors something to cheer about. Shares jumped 6.4% at 12.19pm today, after CFO Brian West reassured markets that production is stabilizing and cash flow is improving. Speaking at a Bank of America conference, West confirmed the company is making "fantastic" progress toward ramping up 737 MAX output to 38 planes per month while keeping 787 Dreamliner production steady. Boeing still faces FAA-imposed production limits and supply chain headaches, but deliveries remain on track, with March numbers expected to match February's 44 aircraft, including 32 from the 737 lineup. Warning! GuruFocus has detected 4 Warning Signs with BA. Financially, there are glimmers of improvement. Boeing expects a $150 million one-time charge in Q1, but West hinted that cash flow could improve by "hundreds of millions" compared to earlier projections. While tariffs on suppliers could create longer-term pressure, Boeing has enough inventory to keep production moving. Across all aircraft types, production in early 2025 hit 89 unitsup 65% year-over-year. Meanwhile, the KC-46 tanker program hit a snag after the U.S. Air Force paused deliveries over wing structure issues, though Boeing insists this won't derail its 2025 targets. But does this mean it's time to buy? Maybe not just yet. Boeing is still recovering from deep financial wounds$11.8 billion in losses last year and a brutal $14.3 billion in negative free cash flow. Even if West's cash flow optimism holds, Boeing is still looking at a negative FCF of around $4.5 billion this year. And with its market cap pricing it at nearly 32.5 times projected 2026 earnings, the stock isn't exactly a bargain. Progress is happening, but for now, investors might want to keep this one on their watchlist rather than their portfolio. This article first appeared on GuruFocus. Sign in to access your portfolio
