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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

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Share Price: 178.30
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UPDATE 1-Largest Boeing 737 MAX model set for maiden flight

Fri, 18th Jun 2021 14:18

(Adds BA landing gear incident, background, sales)

By Eric M. Johnson

SEATTLE, June 18 (Reuters) - Boeing Co prepared to
stage a maiden flight of the largest member its 737 MAX family
on Friday, in a further step towards recovering from the safety
grounding of a smaller model.

The first voyage of the 737 MAX 10, expected around 10 a.m.
local time (1700 GMT) in the Seattle area, heralds months of
testing and certification before it enters service in 2023.

In an unusual departure from the PR buzz surrounding first
flights, the event was being kept deliberately low-key as Boeing
tries to navigate overlapping crises caused by the 20-month
grounding in the wake of two crashes and the COVID-19 pandemic.

Boeing's 230-seat 737-10 is designed to close the gap
between its 178-to-220-seat 737-9, and Airbus's
185-to-240-seat A321neo, which dominates the top end of the
narrowbody jet market, worth some $3.5 trillion over 20 years.

However, the market opportunity for the 737 MAX 10 is
constrained by the jet's range of 3,300 nautical miles (6,100
km), which falls short of the A321neo's 4,000 nm.

Boeing must also complete safety certification of the plane
under a tougher regulatory climate following two fatal crashes
of a smaller 737 MAX version grounded the model for nearly two
years - with a safety ban still in place in China.

Boeing has carried out design and training changes on the
MAX family, which returned to U.S. operations in December.

While the smaller MAX 8 is Boeing's fastest-selling jet,
slow sales of the MAX 9 and 10 models have put Boeing at a
disadvantage to the A321neo.

Boeing has abandoned plans to tinker with the 737 MAX 10
design, but is weighing a bolder plan to replace the
single-aisle 757, which overlaps with the top end of the MAX
family.

Even so, Boeing says it is confident in the MAX 10 and it is
stepping up efforts to sell more of the jet, with key targets
including Ireland's Ryanair.

Customers include United Airlines with 100 on order.
Although sources say United is weighing a new order for at least
100 or even up to 200 MAX, its requirement for large
single-aisles will be served by Airbus - reinforcing the market
split.

Friday's flight will showcase a revamped landing gear system
illustrating an industry battle to squeeze as much mileage as
possible out of the current generation of single-aisles.

It raises the landing gear's height during take-off and
landing, a design needed to compensate for the MAX 10's extra
length and prevent the tail scraping the runway on take-off.

Separately, British authorities said they had launched an
investigation after the nose gear of a British Airways
Boeing 787 used for freight collapsed while on the tarmac at
London's Heathrow on Friday. Nobody was hurt.
(Reporting by Eric M. Johnson in Seattle
Additional reporting by Tim Hepher Editing by Leslie Adler and
Mark Potter)

More News
20 Oct 2023 17:06

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(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

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20 Oct 2023 15:44

UK earnings, trading statements calendar - next 7 days

Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
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Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
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Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Oct 2023 12:11

LONDON MARKET MIDDAY: Middle East tensions continue to weigh on stocks

(Alliance News) - Stock prices in London were down at midday on Friday, as ongoing hostilities in the Middle East continued to weigh on investor sentiment, with US interest rate worries also tempering enthusiasm.

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20 Oct 2023 08:52

LONDON MARKET OPEN: Rate worries and Middle East tensions hurt shares

(Alliance News) - Stock prices in London opened lower on Friday, with US interest rate concerns and ongoing hostilities in the Middle East keeping a lid on enthusiasm at the end of the week.

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18 Oct 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 falls after stubborn UK inflation data

(Alliance News) - Stock prices in London were lower heading into Wednesday afternoon, with events in Gaza and a hotter-than-expected UK inflation reading weighing on stocks.

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18 Oct 2023 09:39

LONDON BROKER RATINGS: Citigroup cuts Wizz Air to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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17 Oct 2023 09:56

UK competition regulator orders rethink on Heathrow Airport charges

(Alliance News) - A decision on how much Heathrow Airport can charge airlines must be reconsidered, competition regulator the Competition & Markets Authority said.

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9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

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9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

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9 Oct 2023 08:54

LONDON BROKER RATINGS: Numis raises Rotork and cuts Bodycote

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8 Oct 2023 14:22

Major airlines cancel dozens of flights to Tel Aviv amid Hamas attack

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6 Oct 2023 10:28

Datalex and Aer Lingus ink digital transformation platform deal

(Alliance News) - Datalex PLC on Friday said it will partner with Aer Lingus Ltd to offer the airline a new digital transformation platform.

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5 Oct 2023 12:59

BA nearing long-term pay deal to avert pilots' strike - report

(Sharecast News) - British Airways is reportedly on the of a brink of a long-term pay deal with its pilots aimed at removing the renewed threat of strike action until at least 2027.

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4 Oct 2023 09:52

LONDON BROKER RATINGS: Goldman likes Relx; Jefferies likes Aviva

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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3 Oct 2023 10:55

Aurrigo inks deal with British Airways parent IAG for aviation tech

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