Latest news with #Boeing737MAX9
Yahoo
3 days ago
- Business
- Yahoo
NTSB to hold June 24 hearing to determine cause of 2024 Boeing 737 MAX 9 mid-air emergency
(Reuters) -The National Transportation Safety Board will hold a June 24 hearing to determine the probable cause of a mid-air cabin panel blowout of a new Boeing 737 MAX 9 flight in January 2024 that spun the planemaker into a major crisis. The board said Monday it will hold the hearing into the Alaska Airlines flight that prompted the Justice Department to open a criminal investigation and declare that Boeing was not in compliance with a 2021 deferred prosecution agreement. The incident badly damaged Boeing's reputation and led to the MAX 9 grounding for two weeks and a cap by the Federal Aviation Administration on the plane's production that remains in place.
Yahoo
3 days ago
- Business
- Yahoo
NTSB to hold June 24 hearing to determine cause of 2024 Boeing 737 MAX 9 mid-air emergency
(Reuters) -The National Transportation Safety Board will hold a June 24 hearing to determine the probable cause of a mid-air cabin panel blowout of a new Boeing 737 MAX 9 flight in January 2024 that spun the planemaker into a major crisis. The board said Monday it will hold the hearing into the Alaska Airlines flight that prompted the Justice Department to open a criminal investigation and declare that Boeing was not in compliance with a 2021 deferred prosecution agreement. The incident badly damaged Boeing's reputation and led to the MAX 9 grounding for two weeks and a cap by the Federal Aviation Administration on the plane's production that remains in place.
The Hill
7 days ago
- Business
- The Hill
FAA extending program allowing Boeing to perform tasks on agency's behalf
The Federal Aviation Administration (FAA) said Thursday it would renew a program that allows Boeing to perform tasks on behalf of the agency for three years. Boeing's Organization Designation Authorization (ODA) will become effective on June 1. 'Before making the decision, the FAA closely monitored specific criteria and saw improvements in most areas. Criteria included implementing policies prohibiting interference with ODA unit members; assessing the ODA unit's ability to effectively self-audit and ensure follow-through of post-audit its activities; and monitoring the ODA unit's ability to complete projects independently,' the FAA said in a statement announcing the agreement. 'The FAA will continue to closely monitor Boeing's performance throughout its renewal period,' it added. The move follows months of scrutiny due to concerns about the aviation manufacturer's safety standards after a mid-air accident took place on a Boeing 737 MAX 9 last year. A door on the Alaska Airline flight flew open and a later investigation revealed the incident was caused by the absence of four missing bolts. Since then, whistleblowers have stepped forward alleging the company prioritized speed over quality in production stages. The FAA said it would continue 'aggressive oversight' of Boeing under the renewed program and opted to extend ODA for three years instead of the proposed five year agreement. Boeing did not immediately respond to The Hill's request for comment on the matter. In May, the Department of Justice (DOJ) dropped its case against Boeing after the company agreed to a deal to resolve two 737 Max plane crashes in 2018 and 2019 respectively, that crashed killing 346 people. Under the terms, Boeing would pay or invest more than $1.1 billion, including an additional $445 million for the crash victims' families. However, senators say the company should be held to a higher standard. 'Whistleblowers, the Federal Aviation Administration (FAA), and the National Transportation Safety Board (NTSB) have indicated that a dysfunctional safety culture persists at the company, even as Boeing executives evade blame for the company's failures while pocketing millions in pay and bonuses,' Sens. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) Sens. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) wrote in a letter to Attorney General Pam Bondi before the deal was complete. They said 'manufacturing errors and defects in Boeing aircraft are not one-offs.' Despite criticism for the company's culture and handling of the fatal crashes, DOJ officials have lauded their deal with Boeing. 'Ultimately, in applying the facts, the law, and Department policy, we are confident that this resolution is the most just outcome with practical benefits,' a Justice Department spokesperson said in a statement to the Associated Press. 'Nothing will diminish the victims' losses, but this resolution holds Boeing financially accountable, provides finality and compensation for the families and makes an impact for the safety of future air travelers.'
India.com
22-05-2025
- Business
- India.com
Most expensive thing owned by Mukesh Ambani, Nita Ambani that has never been publicly seen, not Antilia or Shloka Mehta's Rs 451 crore necklace, it is…, price is Rs….
Mukesh Ambani, the chairman of Reliance Industries and India's richest businessman, is known for his grand lifestyle. Everything he owns reflects luxury, and his collection of private jets is no exception. Among them, one stands out in particular the Boeing 737 MAX 9, a flying marvel that's more like a 7-star hotel in the sky. But it's not just a means of travel. It serves multiple roles i.e. a flying office, a private home in the air, and even a royal palace above the clouds. It's India's most expensive private jet, estimated at Rs. 1,000 crore and boasts features like a master suite, private bathrooms, an entertainment room, a dining area, and even a spa. The jet is equipped with everything you'd expect from a five-star experience. It has a full meeting room for business discussions, a private bedroom fitted with queen-size beds, a fine dining lounge complete with silver cutlery, and an in-flight theatre with high-end entertainment systems. There's even a luxurious sky bathroom onboard. What makes the experience even more extraordinary is the presence of a personal chef and dedicated staff on the jet. The food served is no less than what one would get in a top-tier hotel. Even tea and coffee are crafted with special care. The interiors of the jet have been designed by a team of elite European designers. Every detail speaks of elegance silk wallpaper on the walls, handcrafted leather seats, and sparkling Swarovski crystal lighting. The jet is engineered so well that you hardly hear any noise. The Boeing 737 MAX 9 is one of the most expensive private jets in the world. It runs on two powerful CFMI LEAP-1B engines and can fly a long distance up to 11,770 kilometers without stopping. The basic price of this jet is USD 118.5 million, but this doesn't include the cost of making the inside more luxurious, which was done in Switzerland. According to some reports, the Ambani family may have spent over Rs. 1,000 crore on the jet in total. But for Ambani, this jet isn't just about comfort or convenience, it's a moving statement. Sometimes, the aircraft is used just for a few hours abroad, whether to sign a major business deal, attend a confidential meeting, or simply enjoy a private family getaway.
Forbes
14-04-2025
- Business
- Forbes
UAL Earnings Preview: Will The Stock Take Off Or Face Turbulence?
SAN DIEGO, CALIFORNIA - APRIL 8: An United Airlines Boeing 737 MAX 9 airplane approaches San Diego ... More International Airport for a landing from San Francisco with high rises in the background on April 8, 2025 in San Diego, California. (Photo by) United Airlines is set to report earnings on Wednesday, April 16, 2025. Over the last five years, the stock has declined in 60% of the instances on the day following earnings announcements, with a median loss of 4.4% and a maximum one-day decline reaching 10%. While these figures may seem discouraging, there are several reasons to maintain a positive outlook on UAL currently. These include the ongoing rebound in corporate travel and the stock's appealing valuation. UAL has recently shown solid performance, driven by growth in flight capacity and higher passenger revenue per available seat mile. Moreover, declining fuel costs have supported improved profitability. This momentum is expected to extend into the first quarter. For Q1 2025, consensus estimates project earnings of $0.74 per share on revenue of $13.2 billion, a marked improvement from Q1 2024, which reported a loss of $0.15 per share on $12.5 billion in revenue. The company currently holds a market capitalization of $21 billion. Over the last twelve months, it recorded $57 billion in revenue, $5.2 billion in operating profit, and $3.1 billion in net income. While post-earnings movements will depend on how the results compare with investor expectations, analyzing historical performance can help guide event-driven trading. Investors might consider evaluating the odds and positioning ahead of the report, or examining return correlations to act a day post-announcement. Alternatively, if you're looking for returns with less volatility than individual stocks, the Trefis High-Quality portfolio offers a compelling option — having outperformed the S&P 500 with returns exceeding 91% since launch. See earnings reaction history of all stocks Key observations regarding one-day (1D) post-earnings stock performance: Data for 5-day (5D) and 21-day (21D) post-earnings returns is also summarized in the table below. UAL observed 1D, 5D, and 21D returns post earnings A relatively lower-risk strategy (assuming high correlation) is to evaluate the relationship between short- and medium-term returns post earnings, identify the pair with the highest correlation, and trade accordingly. For example, if 1D and 5D are strongly correlated, a trader could go long for 5 days if the 1D post-earnings return is positive. Below is correlation data based on 5-year and 3-year histories. Note: 1D_5D denotes correlation between 1-day and 5-day post-earnings returns. UAL Correlation Between 1D, 5D and 21D Historical Returns Peer performance can sometimes influence stock reactions, even ahead of earnings. Below is historical data comparing UAL's post-earnings stock movement with peers who reported just before UAL. All data reflects one-day (1D) post-earnings performance. UAL Correlation With Peer Earnings Learn more about the Trefis RV strategy, which has outperformed its all-cap benchmark (spanning the S&P 500, S&P mid-cap, and Russell 2000) to deliver strong returns. Alternatively, for a smoother ride than investing in individual names like United Airlines, the High Quality portfolio has exceeded S&P performance with returns over 91% since inception. Invest with Trefis Market Beating Portfolios | Rules-Based Wealth
