Boeing (BA)

Boeing (BA)

Postby kennynah » Wed Oct 15, 2008 11:56 pm

American Airlines signs purchase agreement with Boeing - Quick Facts
10/15/2008 11:52 AM ET


(RTTNews) - American Airlines, Inc., a wholly-owned subsidiary of AMR Corp. (AMR: News ) Wednesday said it signed a purchase agreement with Boeing (BA: News ). As part of the agreement, the company plans to buy an initial 42 Boeing 787-9 Dreamliners scheduled for delivery beginning in 2012 and ending in 2018, with the right to purchase up to 58 additional 787s that might be scheduled for delivery beginning in 2015 and ending in 2020.

The 787 purchase agreement contains provisions that would allow American to choose not to acquire some or all of the 42 initial 787s if it has not reached a satisfactory agreement with its pilots union to operate the aircraft. American must notify Boeing of its intent to buy a 787 at least 18 months prior to its scheduled delivery date, with the first scheduled delivery date occurring in September 2012, the company noted.
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Re: Boeing (BA)

Postby iam802 » Thu Nov 06, 2008 9:05 am

Planemakers May End Up With 200 `Whitetails' Amid Credit Crunch

http://www.bloomberg.com/apps/news?pid= ... refer=home

Nov. 6 (Bloomberg) -- Airbus SAS and Boeing Co. may end up with as many as 200 new planes without buyers next year because airlines are unable to obtain funds to pay for them amid a global credit squeeze, a consultant said.

``There's a funding gap and we don't really know where the money is coming from,'' Eddy Pieniazek, a director of aviation adviser Ascend, said at a conference in Hong Kong yesterday. ``If the money doesn't arrive, you can quite easily see 200 new aircraft, or whitetails, parked in a desert.''

Airbus and Boeing, the world's two-biggest airplane makers, will probably deliver about $65 billion of large commercial aircraft next year, according to a report by JPMorgan Securities Inc. Leasing companies and banks, which will account for about 60 percent of the aircraft financing market in 2008, are likely to ``pull back substantially,'' creating a funding gap as wide as $20 billion, the report said.

``Nobody is getting out of this alive,'' said Bill Cumberlidge, director of aviation asset finance at Allco Finance Group, which on Nov. 4 handed over operations to outside managers after warning it may default on its debt. ``The debt market is dead.''

``Zero Liquidity''

Damage from the credit crunch has accelerated after Lehman Brothers Holdings Inc. and Washington Mutual Inc. collapsed, the U.S. government took control of Fannie Mae, Freddie Mac and American International Group Inc., and Merrill Lynch & Co. and Wachovia Corp. were purchased by rivals.

``There's almost zero liquidity at the moment,'' said Vicente Alava-Pons, regional head of aviation at DVB Group Merchant Bank (Asia) Ltd. ``It will take longer for the banks to come back because there will be more writedowns.''

Borrowing costs have tripled compared with six months ago, according to Alava-Pons, declining to be more specific. DVB may extend $1 billion in loans to finance aircraft in 2009, less than half of the more than $2 billion it provided this year, he said.

``The market has dried up,'' Eddy Porwanto, executive vice president for finance at PT Garuda Indonesia, said on Oct. 31. ``Some of the potential lessors that we were talking to have pulled out.''

Garuda, the Indonesia's biggest airline, is seeking financing for the remaining 14 of 25 Boeing 737 planes it has on order, said Porwanto. The carrier already secured funding for the 11 aircraft through so-called sale and leaseback agreements.

Boeing, Airbus

Difficulties in obtaining financing is adding to the problems at airlines worldwide, which are already struggling to cope with higher fuel costs and slowing demand for air travel.

Cathay Pacific Airways Ltd., Hong Kong's largest carrier, yesterday said that financial results this year will be ``disappointing.'' Air France-KLM Group, Europe's biggest airline, said it will be ``very difficult'' to meet full-year earnings targets as the global credit crisis and slowing economic growth undermine demand for travel.

Even so, none of Boeing's customers have indicated they need help to pay for aircraft, according to the company's financing arm. Boeing Capital Corp. said liquidity is starting to return after central banks worldwide cut interest rates. The unit expects funding needs to be lower than in the aftermath of the Sept. 11 terrorist attacks, when it financed as much as $3 billion of aircraft annually for three years.

China, Japan

``People have greatly underestimated what export credit agencies are going to fund,'' Boeing Capital's Managing Director Kostya Zolotusky said yesterday. ``No one has accounted for regional banks.''

Airbus Chief Operating Officer John Leahy has said the planemaker would be willing to increase direct financing of purchases.

China's banks are financing all of the deliveries by its carriers, while the majority of planes for the Japanese market are being funded by the country's lenders, according to Zolotusky.

Even if manufacturers boost financing and export credit agencies increase their contribution from the $11 billion to $12 billion level in 2008 by 50 percent, ``they may not be able to make up the difference, which could result in production cuts or ``whitetails,'' Joseph Nadol, a New York-based analyst at JPMorgan, wrote in an Oct. 20 report.

Whitetails are brand new planes, straight off the assembly line, but with tails that lack the logos of airlines because carriers aren't able to accept them.

Some airlines have asked DVB to provide ``bridging'' solutions, or short-term loans, to make payments for planes, a sign that new aircraft may be put in storage, Alava-Pons said.

The lack of funding is also pushing the value of second- hand aircraft lower, said Mike Skinner, chief executive officer at aviation consultant AMS Aircraft Ltd.

Airlines including Cathay, which on Nov. 1 said it plans to sell five aircraft to slow fleet expansion, may not be able to find a buyer.

``The problem is, people may want the aircraft but can't finance them,'' Skinner said.
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Re: Boeing (BA)

Postby kennynah » Wed Apr 21, 2010 9:25 pm

Boeing profit declines on fewer deliveries
Kyle Peterson
CHICAGO
Wed Apr 21, 2010 7:51am EDT


The Boeing Company
BA.N
$71.41
+0.45+0.63%
12:00am GMT+0800

CHICAGO (Reuters) - Boeing Co (BA.N), the world's second-largest plane maker, on Wednesday posted a narrowed quarterly profit on an 11 percent decline in commercial airplane deliveries.

Boeing reported a first-quarter net profit of $519 million, or 70 cents per share, compared with a year-earlier profit of $610 million, or 87 cents per share.

The company beat an average Wall Street estimate of 64 cents per share, according to Thomson Reuters I/B/E/S.

The results include a 20-cent-per-share charge on health care legislation.

Revenue was $15.2 billion, down 7.8 percent from a year ago. The company reported an order backlog amounting to $315 billion.

The company, which suffered a drop in orders for its jetliners last year as well as military budget cuts, predicted it would earn $3.50 per share to $3.80 per share in 2010, including charges related to recent health care legislation.

Boeing reiterated that the first delivery of its long-delayed 787 Dreamliner is still planned for the fourth quarter of 2010.

(Reporting by Kyle Peterson, editing by Gerald E. McCormick)
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Re: Boeing (BA)

Postby winston » Mon Jun 07, 2010 9:32 am

BUSINESS TIMES - American aerospace giant Boeing's defence arm is looking to Asia to pick up the slack from slumping demand and budget cuts in the United States.

It expects South Korea, Japan, India, Australia and Malaysia to be strong markets for its fighter jets, unmanned systems, helicopters and even cyber-warfare technology, the chief executive of Boeing Defense, Space and Security was quoted as saying.
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Re: Boeing (BA)

Postby winston » Wed Oct 26, 2011 5:37 pm

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Boeing Co <BA.N> also reports and may shed light on some of its plans, to ramp up production rates on commercial aircraft programs.

Its profit is expected to decline to $1.10 per share from $1.12 per share.

The Boeing 787 Dreamliner takes its first paying passengers on Wednesday, showing off a carbon-composite design its maker says is lighter, more economical to fly and more comfortable than its metal rivals currently plying the airways.


Source: Reuters
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Re: Boeing (BA)

Postby kennynah » Wed Oct 26, 2011 7:32 pm

Q3 EPS rises 30%
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Re: Boeing (BA)

Postby winston » Sun May 17, 2015 6:19 am

not vested

“Sure Thing” Stock No. 2 – The cream of the Dow 30 giants? by Charles Payne

My second “sure thing” stock I want you to consider adding to your portfolio today also needs no introduction. Older even than NIKE, the company traces its history to its original founder and namesake as far back 1915.

In the century since, it has grown and morphed through acquisitions and mergers to become the second-largest defense contractor in the world and the single largest U.S. exporter by dollar volume. Earning its rightful place in the Dow 30 index of the most important U.S. industrial companies and the 30th spot on the Forbes 500 list – and No. 26 on the list of most-admired companies.

Have you guessed? The second “sure thing” I want you to buy today is aviation technology pioneer and global defense leader Boeing (NYSE: BA). Surprisingly, for an $80 billion defense contractor, Boeing fits nicely with my approach of uncovering investment ideas by carefully observing the world around you.

After all, if you’ve taken a commercial flight, watched any number of TV shows or movies since the 1960s, or even spent an afternoon gazing up at the clouds, you know Boeing and how successful the company is. Its once-unfathomable fat-body 747 literally revolutionized intercontinental air travel and its ubiquitous 737, 767 and ultra-modern 777 airplanes are modern culture touchstones and staples of almost every carrier’s fleet.

And then there’s the defense business. The company is a leading developer and supplier of long-range bombers, training jets, navy drones, and nearly every conceivable “big acquisition” aviation-related product contracted by governments around the globe. To be sure, Boeing faces competition for these multimillion-dollar contracts with the likes of Lockheed and Northrup Grumman, and might contend with reduced defense spending in the future. Though given the current rise in global tensions, the threat that there will be a lack of demand for Boeing’s products anytime soon seems sadly laughable.

As for the long-term future, the sky isn’t even the limit! Management recently acknowledged that they’re glad to see competition from Elon Musk’s upstart SpaceX, which has rapidly emerged as a rival in the space business. They said that the competition has “brought energy into the space industry,” a reference to its own United Launch Alliance joint venture with longtime rival Lockheed Martin, which currently has a monopoly on Air Force launches. Clearly, the company agrees with my assessment that there is more than enough money to go around from the U.S. military and NASA.

All this makes Boeing a “sure thing” to power well into the current century. To further sweeten the pot for investors, the company has made clear its plans to return free cash to shareholders through dividends and share buybacks. One more reason you can buy the stock with confidence at today’s prices.

Source: Smart Talk
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Re: Boeing (BA)

Postby winston » Tue Oct 20, 2015 8:53 am

Why Boeing Stock Is a Must-Buy Right Now

Fears of a wide-body aircraft bubble are overblown; you can believe in Boeing stock

By Brian Nichols

Source: Investor Place

http://investorplace.com/2015/10/boeing ... iWPgaSqcy4
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Re: Boeing (BA)

Postby winston » Thu Jun 23, 2016 10:13 am

Boeing Co: BA Stock Will Reward You for Years

Boeing stock is likely to make decent long-term gains

By Brian Wu

Source: Investor Place

http://investorplace.com/2016/06/boeing ... 2tFObh96M8
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Re: Boeing (BA)

Postby winston » Fri Jul 15, 2016 10:14 am

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Boeing Co. (NYSE: BA) is thought of as a cyclical stock, with business that rises and falls with the economy and airline industry. So, what looks good in the last 12 months or few years often turns bad tomorrow.

But that’s changed with more profitable and growing air traffic, especially in the Middle East, Latin America, Africa, and Asia-Pacific regions.

Over 70% of exploding demand and orders are for single-aisle planes, and Boeing’s 737 is the top choice. And the 737’s newest model is 20% more fuel efficient to boot.

Boeing is winning the war against Airbus for big aircraft, too. With a 45% share of the commercial aircraft market, it has bulging competitive muscle.

Boeing’s yield today is 3% - 50% higher than the S&P 500’s 2% – and it has room to grow, with only a 51% payout ratio. Plus, it’s cheap at 11x free cash flow, which is one big reason savvy management has a current buyback authorization of 8% of its shares.

Low valuation, buybacks (which retire dividend obligations on those shares), and good payout ratio mean sustainable and likely rising dividends ahead. The stock hasn’t moved much from late-2013 levels, while business and valuation have improved. That’s good for buyers.

Source: Dent Research
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