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Fly News Breaks for September 14, 2017
Sep 14, 2017 | 07:26 EDT
SunTrust analyst Michael Ciarmoli says that Boeing's (BA) decision to increase its production to 14 planes per month in 2019, up from 12 currently, was "surprising" to many investors, including him, who expected the company to maintain or cut its current production level. He thinks that the decision increases the chances that the 2018 and 2019 estimates for airplane suppliers will rise. The analyst says that the following companies can benefit from Boeing's production increase: Astronics (ATRO), Barnes Group (B),Rockwell Collins (COL), KLX Inc. (KLXI), Spirit AeroSystems (SPR),Triumph Group (TGI), Wesco Aircraft (WAIR),and Woodward (WWD),
News For BA;ATRO;B;COL;KLXI;SPR;TGI;WAIR;WWD From the Last 2 Days
Mar 23, 2018 | 17:40 EDT
American Airlines (AAL) said that it had not yet decided between Boeing (BA) and Airbus (EADSY) for an order of widebody aircraft, Reuters reports. Sources told Reuters, however, that Boeing was set to beat its European rival for the order. "We are continuing to look at our widebody options and are focused on making the right decision for American. No final decisions have been made at this time," American Airlines spokesman Joshua Freed said. Reference Link
Mar 23, 2018 | 11:38 EDT
Bombardier (BDRBF) said that Boeing's (BA) move to end its trade case over the sale of the Canadian company's CSeries jets to U.S. carriers is good news for the aerospace sector and the public, Reuters reports. Boeing said late on Thursday that it has opted not to appeal a U.S. trade commission ruling that allows Bombardier to sell its CSeries jets in the U.S. without major duties, the report says. "Boeing's claim was meritless and should never have been brought," Bombardier said. "We are happy that it has come to an end." Reference Link
Mar 23, 2018 | 06:35 EDT
Ryanair (RYAAY) plans on adding Airbus (EADSY) planes to its fleet for the first time with the Laudamotion purchase, according to Reuters. While carriers usually stick to one type of aircraft, Ryanair will add the new planes to its already existing fleet of Boeing (BA) 737s. After the deal, Ryanair will have 15 Airbus A320s and 570 737s.Reference Link
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