Boeing Stock Could Suffer From 777 Production Cut

As the world’s largest plane maker, Boeing (NYSE:BA) makes a lot of airplanes — but not all airplanes are created equal.

From the smallish 737 to the jumbo-sized 747 and (perhaps confusingly) highest-numbered but only mid-sized 787, the profitability of Boeing stock depends in part on the number of planes it produces, but also on the profitability of each individual plane model produced. Management tells us that out of all the planes it builds, Boeing’s 737 and 777 models are its real “profit drivers.”

And that’s why it’s so distressing to hear: Boeing is cutting 777 production.

Boeing’s beloved 777. Prepare to see fewer of them flying overhead. Image source: Getty Images.

The news

Last week, Boeing made the somewhat surprising announcement that it is slashing the production rate of its uber-profitable 777 airliner by about 40%. Currently, the plane maker is churning out 777s at the rate of 8.3 planes per month (PPM). It had already planned to cut that rate to seven planes  per month in January. Now, management says that with the deceleration in plane orders — Boeing’s sold only 17 so far this year — it’s going to ramp down 777 production even more, to just five planes per month starting in August.

So where does this leave Boeing with regard to its legendarily long backlog of planes awaiting construction? Based on the most current data, the production schedule looks roughly like so:

*Dear Boeing: Please define “late.”

Where we are now

Since we last checked

Article source: http://www.fool.com/investing/2016/12/29/boeing-stock-could-suffer-from-777-production-cut.aspx

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Feature – Kalona News – Lone Tree Flyers inviting new members

Most Sundays during the winter months you will find members of the Lone Tree Flyers in the old gym of the Lone Tree High School between 6 and 9 p.m. There, with hands glued to transmitters, they will be guiding their radio-controlled aircraft in practice take offs, aero maneuvers and landings. Come warmer weather they will be breaking out the larger planes and helicopters at a city-owned lot behind the cemetery they converted into an airfield. 

Gary Kleinmeyer and Kurt Wieland of Lone Tree are founding organizers of the Lone Tree Flyers and they are putting out a call for new members in the Johnson and Washington County area. Started in 2010, the club currently has about 10 members, including one in Kalona. 

The club is chartered by the AMA (Academy of Model Aeronautics). The AMA is a non-profit organization that promotes the sport and recreational activity of model aviation and has chartered 2,500 model airplane clubs across the country. It has sanctioned model aircraft competitions and certifies instructors like Kleinmeyer. 

Kleinmeyer is a long time enthusiast of radio controlled aircraft and is also a member of the Iowa City Aerohawks, a club that puts on annual air shows. Wieland was new to the hobby when he helped form the Lone Tree club and credits his mastering the needed skills to the training and information he received from Kleinmeyer.

Beginners’ radio controlled airplanes are in the $100 range. Their small size make them perfect for flying indoors, says Kleinmeyer,

Article source: http://www.kalonanews.com/kalona/feature---kalona-news---lone-tree-flyers/article_910065ba-ccfd-11e6-8e3c-8b86dc930bc6.html

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Can Boeing (BA) Pull Off $17 Billion Iran Air Deal?

In a bid to expand its international presence, The Boeing Company BA inked a high-value deal with Iran Air yesterday for 80 jetliners. Valued at $16.6 billion, this marks the first-of-its-kind transaction between a U.S. company and the Islamic Republic.

Interestingly, this deal was finalized less than a month after the Republican-led U.S. House of Representatives passed legislation prohibiting the Treasury Department from issuing commercial aircraft sales licenses to Iran.

So, although the deal received a nod from the acting U.S. government, its fate looms in uncertainty. Chances are high that the Congress will strongly oppose it and President-elect Trump will pose serious impediments to its execution.

Details of the Deal

The aforementioned deal was first disclosed in Jun 2016 by Boeing, when it announced its plans to sell 100 jets to Iran’s national airline. However, financial details of the agreement were kept under wraps then.

In Jan 2016, Iran Air had inked a similar deal for 118 jets, worth $27 billion, with Airbus Group SE EADSY, Boeing’s direct rival in the commercial airlines space. However, given the huge amount of U.S.-built aircraft parts involved in the deal, it is subject to extensive regulatory approvals by the U.S. government. In fact, it was finally in September that the Obama administration approved the deals.

Coming back to the latest deal, now it’s

Article source: https://www.yahoo.com/news/boeing-ba-pull-off-17-195907022.html

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New Year holiday hell: Brit planes GROUNDED by extreme weather

Doug said: “They said all the flights are full. So we’ve got a new flight tomorrow, and they told us to book ourselves into a hotel – which we have to later claim back.

“My point would be – at Aberdeen, when they know there’s disruption here, they should tell us.

“We would have asked them to book us onto a later flight from Heathrow.

“We bumped into one of the captains at Aberdeen, and he said, ‘this flights absolutely empty, and so’s this one’.

“So if we’d known then, we’d have been able to book one of these empty flights.”

Article source: http://www.dailystar.co.uk/news/latest-news/574158/Britain-New-Year-holiday-hell-planes-grounded-extreme-weather-fog-Heathrow-airports

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Airlines provide a lesson in pricing for ocean carriers

Article source: http://www.joc.com/maritime-news/container-lines/airlines-provide-lesson-pricing-ocean-carriers_20161230.html

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Sidecar Soiree Plans Inaugural “Burnin’ Gas & Floating’ Hacks” March 31-April 2

Join Sidecar Soiree March 31st- April 2nd in Fredericksburg, Texas, the gateway to the iconic Texas Hill Country. Enjoy scenic rides, tasty foods, live music and the camaraderie that only a sidecar rig can bring.

All models and brands of motorcycles and sidecars are welcome, especially if you like cruisin’ backroads with friends. This is an event dedicated to sidecars- but if you’ve already registered your hack, you’re welcome to bring along another motorcycle if you need it.

Home base for the Sidecar Soiree is the unique Hangar Hotel, located two miles from Fredericksburg at the Gillespie County Airport. The hotel is a replica of a World War II-era hangar and features airplane memorabilia, model airplanes, USO historical exhibits and stylings of the 1940s. And there’s plenty of parking for tow vehicles and trailers. Central Texas, with its rolling hills and wide open vistas, is a great place to ride – and the nearby cities of Fredericksburg, Austin and San Antonio are each home to cultural events, music festivals, art fairs and sporting events all year long. Come for the sidecars; or make it a longer visit and enjoy the Lone Star state.

Sidecar Soiree logo

Schedule of Events
Friday March 31, 2017 – Hangar Hotel -155 Airport Rd Fredericksburg, TX 78624
8:00-5:00 – Check-In and maintenance stations open, displays open
8:00-Noon – Enjoy Fredericksburg, possible early check-in at host hotel
Noon – Afternoon ride roll-out
1:00 – Lunch

Article source: http://www.aimag.com/sidecar-soiree-plans-inaugural-burnin-gas-floating-hacks-march-31-april-2/

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Marvin Douglas “Dougie” Rogers


Marvin Douglas Dougie Rogers, age 57, of West Washington Street, Grafton, WV, passed away Sunday, December 25, 2016, at the Wallace B. Murphy Nursing Care Facility.

He was born May 27, 1959, in Grafton, WV, a son of Marvin Augustus Rogers and the late Jean Frances (Ringler) Rogers.

He is survived by his sister, Julia Ann Rogers Rawls, of Grafton; two nephews, Bobby Gerald Rawls, III and wife, Giulianna, of Morgantown and Jared Trent Rawls, of Huntington; and one niece, Jesse Taylor Rawls Farrell and husband, Cory, of Kingwood.

Dougie graduated from Grafton High School, with the Class of 1980, where he was a member of the GHS Pep Band and the school choir. He was a former Janitor at the Taylor County Courthouse, and was an honorary member of the Grafton Fire Department. He was a manager of the Grafton High School Football and Baseball Teams; lifetime supporter of the Grafton Social Center; the Grafton Rotary Club Citizen of the Year; Grafton Citizen of the Year; Harrison County Citizen of the Year; a Special Olympics participant and lit the State Special Olympic Torch.

He was a member of the First Grace Brethren Church, of Grafton, had faithful attendance and was an usher. He was a counselor at Camp Albryoca, in Meyersdale, PA.

Dougie enjoyed building model cars and trucks, flying model airplanes, train sets, playing the trumpet, enjoyed working at Ron Williams Mobile Station in Grafton, he was a watch collector, enjoyed

Article source: http://www.mountainstatesman.com/v2_news_articles.php?heading=0&page=74&story_id=7093

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