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Pin to quick picksSenior Share News (SNR)

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Share Price: 171.40
Bid: 170.00
Ask: 170.80
Change: 4.00 (2.39%)
Spread: 0.80 (0.471%)
Open: 166.40
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Low: 162.40
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Boeing CEO says planemaker backs FAA halt to 737 MAX production expansion

Thu, 25th Jan 2024 17:18

WASHINGTON, Jan 25 (Reuters) - Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding production of its best-selling 737 MAX planes, following "unacceptable" quality issues.

Calhoun told Reuters in a brief interview after a Capitol Hill meeting he supported the FAA decision and added there is "no question" the agency has the authority to impose the production increase restriction. "We all want safe airplanes. This is a safe airplane," Calhoun said, who has further meetings Thursday with senators.

The FAA said the order meant Boeing could continue producing MAX jets at the current monthly rate, but it could not increase that rate. It offered no estimate of how long the limitation would last and did not specify the number of planes Boeing can produce each month.

The FAA said MAX 9 planes could resume flights following inspections and maintenance after the agency grounded 171 MAX 9 planes following a mid-air emergency earlier this month.

"This won’t be back to business as usual for Boeing. We will not agree to any request from Boeing for an expansion in production or approve additional production lines for the 737 MAX until we are satisfied that the quality control issues uncovered during this process are resolved," FAA Administrator Mike Whitaker said in a statement Wednesday.

The ability to resume flying was a relief to U.S. MAX 9 operators Alaska Airlines and United Airlines, which had been forced to cancel thousands of flights and aim to begin returning the planes to service on Friday and Sunday, respectively.

But experts said the FAA's response to "unacceptable" quality controls following the loss of a door plug at 16,000 feet on Jan. 5 could delay some deliveries of new planes to airlines and hurt suppliers already reeling from an earlier MAX crisis and the pandemic.

In October, Calhoun said the company planned to reach production of 38 MAX planes per month by the end of 2023. (Reporting by David Shepardson, Editing by Franklin Paul and Chizu Nomiyama)

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26 Apr 2024 17:31

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26 Apr 2024 10:07

Senior expects "good growth" in 2024 led by Aerospace business

(Alliance News) - Senior PLC on Friday said first-quarter trading was in line with expectations with a strong performance in its Aerospace unit offsetting a slight decline in Flexonics.

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25 Apr 2024 15:47

UK dividends calendar - next 7 days

Friday 26 April 
abrdn Private Equity Opportunities Trust PLCdividend payment date
Bioventix PLCdividend payment date
Blackfinch Spring VCT PLCdividend payment date
BlackRock Energy & Resources Inc Trust PLCdividend payment date
BlackRock Sustainable American Income Trust PLCdividend payment date
Caledonia Mining Corpdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCspecial dividend payment date
Entain PLCdividend payment date
GlobalData PLCdividend payment date
Globalworth Real Estate Investments Ltddividend payment date
Henderson High Income Trust PLCdividend payment date
JPMorgan Emerging Markets Investment Trust PLCdividend payment date
Kitwave Group PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Northamber PLCdividend payment date
Oakley Capital Investments Ltddividend payment date
Real Estate Investors PLCdividend payment date
RIT Capital Partners PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
Shanta Gold Ltddividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Monday 29 April 
NatWest Group PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Quartix Technologies PLCdividend payment date
Tuesday 30 April 
Abrdn Private Equity Opportunities Trustdividend payment date
Amedeo Air Four Plus Ltddividend payment date
Balanced Commercial Property Trust Ltddividend payment date
BioPharma Credit PLCdividend payment date
CT Private Equity Trust PLCdividend payment date
Doric Nimrod Air Three Ltddividend payment date
Doric Nimrod Air Two Ltddividend payment date
European Assets Trust PLCdividend payment date
Kings Arms Yard VCT PLCdividend payment date
Lowland Investment Cos PLCdividend payment date
Middlefield Canadian Income PCCdividend payment date
Shires Income PLCdividend payment date
US Solar Fund PLCdividend payment date
Wynnstay Group PLCdividend payment date
Wednesday 1 May 
Dalata Hotel Group PLCdividend payment date
NWF Group PLCdividend payment date
Thursday 2 May 
4imprint Group PLCex-dividend payment date
AB Dynamics PLCex-dividend payment date
Albion Development VCT PLCex-dividend payment date
Alfa Financial Software Holdings PLCex-dividend payment date
Ashtead Technology Holdings PLCex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Blackstone Loan Financing Ltdex-dividend payment date
British American Tobacco PLCdividend payment date
Carr's Group PLCex-dividend payment date
CLS Holdings PLCdividend payment date
Coats Group PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
Elementis PLCex-dividend payment date
FBD Holdings PLCex-dividend payment date
Genuit Group PLCex-dividend payment date
Glencore PLCex-dividend payment date
Global Opportunities Trust PLCex-dividend payment date
Henry Boot PLCex-dividend payment date
Hiscox Ltdex-dividend payment date
Inchcape PLCex-dividend payment date
IWG PLCex-dividend payment date
J Smart & Co (Contractors) PLC ex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Mobeus Income & Growth VCT PLCex-dividend payment date
Nichols PLCdividend payment date
Octopus Apollo VCT PLCdividend payment date
Porvair PLCex-dividend payment date
Relx PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Schroders PLCdividend payment date
Seneca Growth Capital VCT PLC B ex-dividend payment date
Senior PLCex-dividend payment date
Zotefoams PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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25 Apr 2024 10:43

Senior strikes USD130 million contract extension for plane parts

(Alliance News) - Senior PLC on Thursday said it has signed a five-year extension to its contract with Spirit AeroSystems Holdings Inc for aircraft components.

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25 Apr 2024 09:30

Senior wins five-year contract with Spirit AeroSystems

(Sharecast News) - Engineering and manufacturing business Senior has secured a contract extension with Spirit AeroSystems for the supply of large diameter precision formed and machined structural components for Boeing aircraft programmes.

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19 Apr 2024 13:09

UK shareholder meetings calendar - next 7 days

Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Mar 2024 09:32

Senior credits aerospace division with propelling performance in 2023

(Alliance News) - Senior PLC on Monday said that success in its aerospace and Flexonics divisions spearheaded a successful 2023, and it expects further growth in 2024 and beyond.

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4 Mar 2024 07:48

Senior sees aerospace boost as aircraft demand grows

(Sharecast News) - UK aerospace engineer and Boeing supplier Senior reported a jump in 2023 profits and said it had been asked to maintain supply levels of parts for the US plane maker's B737-Max aircraft.

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21 Feb 2024 09:41

Senior wins two contracts with Airbus for complex component supply

(Alliance News) - Senior PLC on Wednesday said it has won two separate contracts to supply "a number of complex components" to Airbus SE subsidiaries, Airbus SAS and Airbus Atlantic.

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21 Feb 2024 08:01

Senior wins two separate Airbus contracts

(Sharecast News) - Technology components manufacturer Senior has been awarded two separate contracts to supply a number of complex components to Airbus SAS and Airbus Atlantic.

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21 Feb 2024 07:52

CORRECT: Glencore profit plunges as energy market normalises

(Corrects UK public sector net borrowing figure to billion from million.)

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21 Feb 2024 07:41

LONDON BRIEFING: Glencore profit plunges as energy market normalises

(Alliance News) - Stocks in the UK are called flat on Wednesday, with some large-cap UK company earnings for investors to digest, ahead of key catalysts to come from across the Atlantic.

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6 Feb 2024 09:19

IN BRIEF: Senior wins 'A List' spot in CDP's environmental ranking

Senior PLC - Hertfordshire, England-based auto and aircraft components and systems manufacturer - Awarded 'A List' spot by CDP in its annual environmental rankings. CDP, formerly known as carbon disclosure project, is a non-profit organisation that operates an environmental disclosure system for companies, cities, states and regions. After reviewing data from its climate change questionnaire for over 21,000 companies, only 346 were awarded 'A List' spots by CDP. This is the second year running in which Senior has been awarded CDP's highest ranking, which the company credits to its "leadership in corporate transparency and performance on climate change".

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25 Jan 2024 16:54

Boeing CEO says planemaker backs FAA halt to Boeing MAX production expansion

WASHINGTON, Jan 25 (Reuters) - Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding production of its best-selling 737 MAX planes, following "unacceptable" quality issues.

Read more

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