CREDIT SUISSE belässt BOEING CO auf 'Outperform' (Seite 21) | Diskussion im Forum

FAA waiting for more software details before 737 MAX can return to service

20.9.
https://www.reuters.com/article/us-ethiopia-airplane-faa-idU…

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...Boeing Co (BA.N) still has a series of steps to complete before the 737 MAX can return to service, including submitting a pre-production version of a software update, Federal Aviation Administration chief Steve Dickson said.

Dickson met with Boeing executives in Renton, Washington on Thursday and tested revised software in a simulator. Next week, he will meet with around 50 aviation safety regulators in Montreal to discuss the status of the plane, which has been grounded worldwide since March in the aftermath of two fatal crashes.

The FAA has been reviewing proposed software and training changes from Boeing Co (BA.N) for months and it remains uncertain when Boeing will conduct a certification test flight, a step needed before its best-selling plane can fly again.

In a telephone interview with Reuters, Dickson laid out a series of steps that must happen before the certification test flight, adding it should then take about another month before the FAA could allow flights to resume absent unforeseen circumstances.

“I am not going to sign off on the plane until I am personally satisfied,” he said.

Some government officials have told Reuters they do not believe Boeing will conduct the certification flight until at least mid-October. Asked if there are at least several weeks of work to be done before that flight can occur, Dickson said he thought that was a “fair statement,” but did not want to set a specific date.

Asked about reports that the FAA has at times been frustrated with a lack of information from Boeing, Dickson said he is satisfied that Boeing has been responsive to him and added the FAA had made clear what it expected.

“We’ve had conversations about the importance of making sure that we are looking at complete documentation and not piecemeal documentation,” Dickson said.

“It’s really better to be very methodical and very detailed rather than try to rush a partially completed product and then say, ‘We’ll get back to you with the rest of it.’”

Boeing has repeatedly said it hopes to resume flights early in the fourth quarter. The company reiterated Thursday it remains “committed to working collaboratively” with the FAA and other regulators.

FAA still needs to see Boeing’s “final system description” - a “500-ish page document that has the architecture of the flight control system and the changes that they have made,” Dickson said, adding that the software changes must be in a “pre-production” code and not a “beta version”.

“We need to see that level of refinement and there has been a good bit of back and forth and some constructive discussions,” he said.

“Until it is locked down, we’ve got to go make sure that there aren’t any new fault trees that have developed that need to be mitigated.”

Once the system description is completed, the FAA will work with Boeing to develop the “integrated system safety analysis” - a step that will take a few days.

Then the FAA will move to the next phase - the pilot workload management scenarios. Once that is done, the agency will be “much closer to a predictable timeline for when the actual certification test flight will occur.”

The FAA plans to get input from international regulators EASA, Canada and Brazil. “We’ve got U.S. and international pilots that have to be scheduled to come out and actually go through the scenarios,” Dickson said, adding it must also finalize training requirements.

Boeing plans to revise the 737 MAX software to take input from both angle-of-attack sensors in the anti-stall system linked to the two deadly crashes.

Boeing entschädigt Icelandair wegen 737-Max-Flugverbot
23.9.
https://www.finanzen.net/nachricht/aktien/nach-zwei-abstuerz…

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...Sie ist damit eine der ersten Airlines, die eine solche Vereinbarung mit Boeing seit Inkrafttreten des Flugverbots im März öffentlich macht. Den Betrag, den Boeing an die Isländer für den Stillstand der von ihnen genutzten sechs Maschinen überweist, nannte die Gesellschaft allerdings nicht. Nach früheren Angaben hatte sie die Kosten für den Ausfall auf 1,3 Millionen US-Dollar am Tag beziffert.

Boeing wollte keine Angaben zur Höhe der Entschädigung machen. Die Zahlungen seien spezifisch für jeden Kunden zu ermitteln, hieß es in einer Stellungnahme. Der Konzern hat 5,6 Milliarden US-Dollar für Entschädigungszahlungen an Max-Kunden zurückgelegt.

Seit mehr als sechs Monaten müssen weltweit über 380 Maschinen des Typs 737 Max am Boden bleiben. Hunderte weitere Flugzeuge können nicht ausgeliefert werden, bis die Behörden den Betrieb des Typs wieder genehmigen. Zwei Abstürze innerhalb weniger Monate hatten ein Flugverbot und Untersuchungen nach sich gezogen...

NYT: Boeing committee set to recommend safety changes: report

Antwort auf faultcode 12.09.19 14:21:23 Uhr

15.9.
https://www.marketwatch.com/story/boeing-committee-set-to-re…

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Boeing Co.'s full board of directors is expected to hear a report this week detailing structural corporate changes that can be made to improve the safety of its planes following two fatal crashes of its 737 Max planes, the New York Times reported Sunday.

The recommended changes from a small committee of board members include a new corporate reporting structure, creating a new safety group and building simpler cockpits, the Times said.

Under one proposed change, engineers would reportedly report directly to the company's head engineer, rather than a business-unit leader who might favor production deadlines over fixing problems.

Boeing reported a sharp dropoff in monthly aircraft production last week as the 737 Max remains grounded...

Antwort auf faultcode 08.09.19 23:18:48 Uhr

11.9.
New Blow For Boeing
https://seekingalpha.com/article/4290571-new-blow-boeing
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Summary

• Boeing 777X structural test failed as cargo door exploded.

• Test failure is a setback for the program, but does not necessarily mean additional delays.

• Boeing engineers now have to analyze data to determine root cause and implement modifications.
...

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11.9.
Boeing warns U.S.-China spat raises new risks for 787 Dreamliner
The plane once praised as “beautiful” by Donald Trump could become a casualty of his escalating trade war.
https://www.chicagobusiness.com/manufacturing/boeing-warns-u…

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11.9.
US Air Force restricts KC-46 from carrying cargo and passengers
https://www.defensenews.com/breaking-news/2019/09/11/air-for…

Former Boeing official subpoenaed in 737 MAX probe won’t turn over documents, citing Fifth Amendment protection

6.9.
https://www.seattletimes.com/business/boeing-aerospace/forme…

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A former Boeing official who played a key role in the development of the 737 MAX has refused to provide documents sought by federal prosecutors investigating two fatal crashes of the jetliner, citing his Fifth Amendment right against self-incrimination, according to a person familiar with the matter.

Mark Forkner, Boeing’s chief technical pilot on the MAX project, invoked the privilege in response to a grand jury subpoena issued by U.S. Justice Department prosecutors looking into the design and certification of the plane, the person said.

Invoking the Fifth to avoid testifying, while a legal right, is sometimes interpreted as an admission of guilt. Its use to resist a subpoena for documents is less common and may only imply a dance between prosecutors and defense attorneys, legal experts say.

Forkner, now a first officer for Southwest Airlines, referred questions to his attorney when reached by phone. His attorney, David Gerger, of Houston, did not respond to inquiries.

Justice Department spokesman Peter Carr declined to comment. Boeing also declined to comment.
...

Norwegian Air, der erste Fall out? -- Norwegian seeks bonds' payment extensions

Antwort auf faultcode 03.09.19 13:06:00 Uhr

4.9.
http://www.impactpub.com.au/micebtn/85-news/btn-news/25011-n…

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Norwegian Air is pledging all shares of Norwegian Air Norway AS and its take-off and landing slots at Gatwick airport as security against a requested extension period for repayments on two unsecured bonds.

By requesting an extension to November 2021 and February 2022 respectively on the two bonds, Norwegian hopes to have time to effect economies elsewhere.

Norwegian says the take-off and landing slots alone are worth more than the bonds’ current value of US$380 million.

The company already has delayed deliveries of Airbus aircraft, has sold its shares in the Norwegian Finans Holding bank for GBP203 million and sold aircraft to pay back US$127 million of debt.

It also has said it is in joint venture negotiations for part of its fleet.

Most recently, Norwegian said it saw a 13 per cent increase in unit revenue in Q2 and a cost reduction of more than GBP50 million.


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Norwegian Air Not Expecting to Fly Boeing 737 MAX This Year-CEO

2.9.
https://www.nytimes.com/reuters/2019/09/02/business/02reuter…

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...Norwegian Air does not expect to fly its 18 grounded Boeing 737 MAX aircraft this year, the carrier's interim Chief Executive Geir Karlsen told Reuters on Monday.

Talks with Boeing regarding a compensation are still ongoing, Karlsen said.

"We are actually planning on not having the MAXes flying this year, in 2019," he added.

The company said in July that it expected its 737 MAX aircraft fleet to return to service in October...

United und American Airlines streichen Boeings 737-Max-Krisenjets länger aus dem Flugplan

Antwort auf faultcode 29.08.19 00:56:48 Uhr

2.9.
https://www.finanzen.net/nachricht/aktien/nach-abstuerzen-un…

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Die US-Fluggesellschaften United Airlines und American Airlines nehmen die nach zwei Abstürzen mit Startverboten belegten Boeing-Jets vom Typ 737 Max noch länger aus dem Flugplan.

Zudem gab die US-Luftfahrtaufsicht FAA bekannt, dass die Ergebnisse eines mit der ursprünglichen Zulassung der Krisenflieger betrauten Sonderausschusses noch etwas länger auf sich warten lassen werden...

Antwort auf faultcode 27.08.19 17:20:09 Uhr

Zitat von faultcode: ...--> BA ist, wenn auch auf anderem Wege, die "GE der Lüfte" geworden...

..oder noch viel schlimmer?!?


28.8.
Criminal Prosecution Exposure In Boeing Investigation May Come To Light With Expert Report
https://www.forbes.com/sites/jacobfrenkel/2019/08/28/crimina…

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...For Boeing and the individuals responsible, the time-tested corporate enforcement strategy of throw officers and employees under the bus as part of a corporate resolution certainly could come into play. In evaluating a corporation’s compliance program and in considering how to resolve criminal charges against a corporation, prosecutors consider remedial measures adopted by the corporation.

Such remedial measures include discipline of responsible persons. For example, Boeing President, Chairman and CEO Dennis Muilenberg, who is an aerospace engineer by training, could be imputed with a technical understanding and appreciation of problems with the MCAS system. If Muilenberg or any other senior official involved in preparing and issuing the service bulletin knew that the publication simply was applying a bandage to a catastrophic problem, then prosecutors could be expecting that Boeing deliver evidence of such knowledge to serve as the basis for a prosecution of the individual.

Experience dictates that the deal-making is well underway, and at the corporate level for Boeing likely is well-advanced. Needless to say, before prosecutors bring any case or seek a guilty plea there will be a determination as to whether there is evidence to warrant criminal charges against the company and individuals. Nevertheless, as Taylor observed, in her more than 10 years working in the commercial airline industry, “This investigation will set a new standard for compliance and enforcement. Major regulatory reforms, such as we haven’t seen since the 2009 Colgan Air accident, will follow in the U.S. aviation industry.”

Antwort auf faultcode 24.08.19 20:04:20 Uhr

hier ist eine gute Gesamtdarstellung der bisherigen Geschehnisse und zur Firmenkultur bei Boeing:

26.8.
Pushing It to the Max -- Boeing's Crashes Expose Systemic Failings

The crash of two Boeing 737 Max jets in the course of just months has created an existential crisis for the company. Were the 346 who died in Indonesia and Ethiopia the victims of shortcuts and cutthroat competition in the aviation industry? By DER SPIEGEL Staff
https://www.spiegel.de/international/business/737-max-boeing…

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...The alienation began with the merger of Boeing and McDonnell Douglas in 1997 and the increasing amount of attention being paid to the company's share price, Gates says. Longtime CEO James McNerney, the predecessor of current company head Muilenburg, charted a course aimed at drastically increasing profits. He sought out conflict with the unions, which had until then been an important part of company culture and a point of pride among employees. Even senior company managers were union members, though that didn't stop McNerney. On the contrary...


--> BA ist, wenn auch auf anderem Wege, die "GE der Lüfte" geworden
=> das derzeitige Top-Management und BoD muss und wird mMn ausgetauscht werden

Aber das wird dauern.

Boeing faces first lawsuit from 737 Max customer

Antwort auf faultcode 24.08.19 20:04:20 Uhr

27.8.
https://www.ft.com/content/30a68cd4-c84b-11e9-a1f4-3669401ba…
Russian aircraft leasing group Avia sues to cancel order for 35 of the grounded planes

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A Russian aircraft leasing company is suing Boeing for breach of contract in connection with its grounded 737 Max in what is the first lawsuit brought against the US manufacturer by a customer over the safety crisis.

Avia Capital Services, a subsidiary of Russian state conglomerate Rostec, claims two deadly crashes were due to the “negligent actions and decisions of Boeing” not just in designing a plane that was “defective” but also in “withholding critical information” from the US aviation safety regulator during certification.

The complaint, which was filed in Cook county circuit court in Chicago on Monday, claims that Boeing “intentionally” failed to disclose information about the airworthiness of the Max to its customers, including Avia, in order to induce them to buy the aircraft.

Avia ordered 35 Max 8 jets from Boeing before they were grounded worldwide in March, and now it wants the order cancelled. The company says it gave Boeing a cash deposit of $35m to secure the order, and is asking for that amount to be returned with interest, along with $75m in lost profits for a total of $115m in compensatory damages, plus “several times the amount” in punitive damages....

Boeing 737 MAX pilot class action grows

27.8.
https://australianaviation.com.au/2019/08/boeing-737-max-pil…

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About 3,000 pilots from 12 airlines have joined a class action seeking compensation for financial and other losses following the global grounding of the Boeing 737 MAX fleet after two fatal accidents in Indonesia and Ethiopia.

The claim is estimated in court documents filed in the United States District Court for the Northern District of Illinois to potentially cost Boeing US$250 million (A$369 million).

Brisbane-based air and space law firm International Aerospace Law & Policy Group (IALPG) and Chicago-based PMJ PLLC filed the initial action in May on behalf of Pilot X, a Canadian citizen at a major international airline who chose to remain anonymous to safeguard against any “reprisal from Boeing or its customers”.

“We could never have predicted that so many would come forward feeling that their trust as safety professionals was abused,” PMJ PLLC Patrick Jones managing partner and founder said in a statement on Tuesday.

The hearing is scheduled for October 21, in Chicago, where Boeing has its headquarters.

The pilots who have progressively joined the action since Pilot X’s filing are also seeking anonymity so that they are not prejudiced in present or future employment....

Boeing delivered three more KC-46A Pegasus in-flight refuelling tankers to the US Air Force (USAF)...

Antwort auf faultcode 24.08.19 19:33:36 Uhr

... on 8 and 9 August, a week after winning a $55 million contract to redesign the aircraft’s boom telescope actuator.

12.8.
https://www.flightglobal.com/news/articles/boeing-juggles-kc…

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Boeing is redesigning the actuator to address hardware specification flaws coming from the service’s initial design requirements. Designing and retrofitting the aircraft will likely cost more than $300 million, according to a Government Accountability Office (GAO) report released in June 2019. Programme officials told GAO that developing a solution, and receiving Federal Aviation Administration certification, would likely take three to four years.

The boom's issues became apparent during developmental flight testing, when pilots of lighter receiver aircraft – such as Fairchild Republic A-10s and Lockheed Martin F-16s – reported they needed more force to connect and disconnect their aircraft from the boom, as compared to older tankers, like the KC-135 and KC-10, says GAO.

The additional force required can cause the receiving aircraft to suddenly lunge and collide with the boom, damaging the aircraft’s glass cockpit canopy or tail. It can also damage the boom.

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Boeing’s KC-46 deliveries to the USAF have been slowed, and at times halted, by issues with Foreign Object Debris (FOD) found inside the airframes. Boeing says it has implemented new FOD-awareness days and clean-as-you-go practices to eliminate the problem, but declines to say if FOD has been discovered in the aircraft in recent months.


--> also auch im Militärbereich läuft's offenbar nicht besonders störungsfrei bei Boeing

2018Q2, revenues -- also vor dem MAX-Desaster (*)
• Commercial Airplanes: USD14.0b = 58% (~)
• Defense, Space & Security: USD6.1b = 25%
• Global Services: USD4.1b (gemischt zivil + militärisch) = 17% => 8.5% + 8.5% (~) <meine willkürliche Annahme>
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= USD24.3b (Rundungseffekt)


(*) ..wie es sich hier darstellt im krassen Umsatzrückgang 2018Q2 --> 2019Q2:


<Commercial Airplanes>


=> demnach lag vor dem MAX-Desaster der zivile Umsatzanteil bei Boeing bei so rund (58+8.5)% = ~2/3

--> auch mal gut zu wissen


Der Backlog im Bereich Defense, Space & Security ist laut Boeing zum 30.6.2019 mit USD64b sehr hoch (das scheint offenbar gewohnheitsmäßig so zu sein bei Boeing)

--> Orders valued at $4B; Backlog of $64B

--> hier scheint also immer noch ein (gesund) hohes Book-to-bill Ratio zu bestehen

--> bei Commercial Airplanes sagt Boeing (immer noch): Healthy backlog of $390B


=> ich sehe es derzeit so, daß der Markt in Summe das MAX-Desaster nur als eine vorübergehende Delle sieht, gestützt von einem weiterhin starken Militärgeschäft (unter Pres.Trump)

Antwort auf faultcode 24.08.19 19:32:32 Uhr

weiter von hier: https://www.wallstreet-online.de/diskussion/1294941-41-50/fl…

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Die Schweizer Bank Credit Suisse hat das Kursziel für Boeing von 427 auf 425 US-Dollar gesenkt, die Einstufung aber auf "Outperform" belassen. Das Papier des Flugzeugbauers eigne sich derzeit bestenfalls für längerfristig orientierte Investoren, die …

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