Boeing returns to take off – Global

As airlines prepare for post-epidemic growth, jThe largest aircraft manufacturer in the world, Boeing

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(NYSE: BA) Shows signs of recovery, and tonight reports new orders. However, China has not yet approved the return of Max 737 aircraft to active service. Along with the positive announcements, the company’s stock is also enjoying a trend of investors returning towards the value stocks, for fear of a bubble in the markets.

Boeing investors have been experiencing a nightmare for the past two years, with the company hit by 2 major events. The first, the shutdown of the 737 Max aircraft since March 2019 amid 2 tragic crashes that claimed the lives of about 346 people. Following the crashes, the issue of the safety of the company’s aircraft made headlines, which has fatally damaged the company’s sales since then. At the same time, the events around the corona caused a sharp hit in the world tourism industry, which led to further damage to aircraft bookings. During 2020, Boeing reported a reduction in the order backlog of more than 1,040 aircraft, with bookings of about 600 aircraft being postponed without a due date, and another 450 canceled.

After many safety changes in order to return the aircraft to suitability, and a series of tests by the US Air Force (FAA), the company’s order list comes back to life. United Airlines (NYSE: UAL) plans to purchase 25 Boeing 737 Max aircraft, thus increasing the total orders of The company for 188: 21 aircraft is expected to move to United this year, and another 40 in 2022.

In December, the Irish airline Ryanair announced the order of 75 Max Series aircraft, the largest order since the plane landed. Alaskan Airlines (NYSE: ALK) followed suit and signed an agreement to purchase an additional 23 737 Max aircraft. Meanwhile, rumors have been circulating that Saudi Arabia’s airline, Saudia, will acquire 70 from Boeing and Airbus (NYSE: EADSY).

Although regulators from the United States, Canada, Brazil and the European Union have approved the return of Boeing aircraft, Chinese regulators say “concerns about significant safety deficiencies have not yet been fully resolved.” China was the first to land the company’s planes following that fatal crash, which gave the wing a hard blow – China is the world’s largest market for Boeing. The company predicts that the state will need 8,600 new aircraft worth a total of $ 1.4 trillion over the next two decades. Tonight, the deputy director of the Chinese Aviation Authority announced that these would plan “test flights, step by step … after all major safety issues have been properly addressed.”

On BizTV, Mizrahi Bank’s senior analyst, Yoash Mendelssohn, watch the stock Upside of more than 30% Thanks to the return of the 737 Max aircraft to the air, and also because the return to life, and within them to international flights, is only a matter of time. Deutsche Bank – “It’s time to get into the airlines”. Analysts have upgraded the entire aviation sector to “buy” and said the sector “got back on track” with the advent of vaccines and the prospect of taking over the plague.