Thread regarding General Electric Co. layoffs

With Boeing Crashes and Grounding, Aviation's Profitability Will Feel Pressure!

With GE Aviation being one of last profitable businesses the crashes of 737 with LEAP will result in profitability and Tusa's stock prediction of $6 per share is more likely.

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Boeing shares fall sharply after second deadly 737 MAX 8 crash

Shares of Boeing sank as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.

Boeing said the investigation into the Ethiopian Airlines crash is in its early stages and there is no need to issue new guidance to operators of its 737 MAX 8 aircraft based on the information it has so far.

Shares of Boeing sank 9 percent in premarket trading on Monday as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.

A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Ababa on Sunday, killing all 157 on board. The same model flown by Lion Air crashed off the coast of Indonesia in October, killing all 189 on board.

The Civil Aviation Administration of China ordered Chinese airlines to ground all Boeing 737 MAX 8 planes after the crash. The CAA said it would contact the U.S. Federal Aviation Administration and Boeing regarding the resumption of operations once they are assured that measures have been taken to ensure safety.

Ethiopian Airlines said it had grounded its 737 MAX 8 fleet until further notice as an "extra safety precaution" even though it did not know the cause of Sunday's crash.

The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric and Safran. Shares in Safran also fell 1.6 percent on Monday.

Boeing said on Monday the investigation into the Ethiopian Airlines crash is in its early stages and there is no need to issue new guidance to operators of its 737 MAX 8 aircraft based on the information it has so far.

Shares of rival Airbus were up 0.5 percent.

https://www.cnbc.com/2019/03/11/boeing-shares-fall-sharply-after-second-deadly-737-max-8-crash.html

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| 3543 views | | 19 replies (last March 13, 2019) | Reply
Post ID: @OP+Y1BvCuU

19 replies (most recent on top)

Yep. But is the 737. Let’s see how far Boeing and GE drop. If they go low enough, it might be time to buy for the retirement fund.

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Post ID: @2rwq+Y1BvCuU

It’s official. Trump says Let’s Make America Great Again and grounds all 787 Max effective at 2:30PM.

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Post ID: @2abl+Y1BvCuU

Blame Canada. Now the 787 Max can’t even fly routes which take it over the Canadian boarder on the way between US Cities. L

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Post ID: @2qrw+Y1BvCuU

R@1vmy eyewitness accounts are NOTORIOUSLY unreliable. Also, smoke trailing the plane does not suggest engine failure. There are many scenarios that could cause that. I know you’re hoping it’s GE’s fault, but don’t get ahead of the evidence.

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Post ID: @2hbp+Y1BvCuU

Does the mcas system they keep mentioning in the news have any thing to with the fms?GE Aviation systems makes the fms for the Max.

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Post ID: @2mmp+Y1BvCuU

Look @Y1BvCuU-1vmy if you're not going to piss on GE every chance you get then we don't need you around.

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Post ID: @1fur+Y1BvCuU

https://www.reuters.com/article/us-ethiopia-airplane-witnesses/ethiopian-plane-smoked-and-shuddered-before-deadly-plunge-idUSKBN1QS1LJ

The latest news has reporting that debris and smoke were trailing from the aircraft on its way down. This suggests a problem with engines or FADEC, which points more toward GE, who is responsible for both.

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Post ID: @1vmy+Y1BvCuU

As much as you may be down on GE, this may not actually be GE's fault. It will affect GE either way, though, as GE Aviation's profitability is married to Boeing's success or failure. (Obviously other manufacturers and the airlines as well)

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Post ID: @1cha+Y1BvCuU

I don;t see what that has to do with GE. It's as if you are implying it's not GE's fault. Think again.

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Post ID: @1bve+Y1BvCuU

@fbc Early speculation is a malfunction of MCAS which may have led to the crash. MCAS is unique to the Max 8 configuration and if the pilots haven't trained to fly manually they will fight the stall warning system right into the ground.

A malfunction of the FADEC could also have similar symptoms, by issuing commands to engine systems that may result in a stall. If both FADECS are getting the same bad data from sensors, it is reasonable to expect them to both put each engine under their management into the same operational condition.

It could also be something entirely different. It's still too early in the investigation to tell.

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Post ID: @1qcr+Y1BvCuU

It's very safe. Just don;t spend much time in Animal Kingdom. Epcot all the way.

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Post ID: @1emn+Y1BvCuU

The FAA says it is safe after 2 crashes in 5 months. 189 deaths from Lion Air and 157 from Ethiopian Air.

Just wondering if it is safe enough to fly the family on to a Disney vacation or if we should change our reservations?

If we decide to fly, should we increase our insurance policies?

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Post ID: @fpb+Y1BvCuU

Both engines failed on all planes?

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Post ID: @fbc+Y1BvCuU

From CNN... "I've never, ever done this. I've never said that, 'hey, it's unsafe to fly a particular model' but in this case, I'm going to have to go there... So yeah I would watch for that airplane," - fmr. FAA Safety Inspector @David_Soucie on the Boeing 737 MAX 8. http://cnn.it/2THEST0

https://twitter.com/CNNnewsroom/status/1105096008504041472

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Post ID: @aml+Y1BvCuU

This is probably the end to GE. GE has never been prepared for such issues in the past and now with all the other issues we are in big trouble. But GE keeps hiring in aviation and adding more middle mgmt just like they did with other once successful verticals. Hope it turns around but i highly doubt it.

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Post ID: @ona+Y1BvCuU

Reports of another 737 issue this time in Houston.

https://www.nytimes.com/aponline/2019/03/11/us/ap-us-united-airlines-engine-trouble.html

FAA: Engine Trouble Prompts United Plane to Issue Emergency

By The Associated Press

March 11, 2019

HOUSTON — Federal authorities say a United Airlines flight declared an emergency when an engine shut down as the plane descended into Houston.

Flight 1168 was carrying 174 passengers and six crew members late Sunday when the engine trouble began near George Bush Intercontinental Airport. The Boeing 737-900 was traveling from Newark Liberty International Airport in New Jersey.

One passenger told Houston media outlets that he heard a loud bang, felt a strong vibration and saw a flash of light.

Another passenger says he saw flames coming from the engine, but a Federal Aviation Administration spokeswoman says emergency responders found no evidence of fire or smoke.

FAA spokesman Lynn Lunsford says crews are investigating the aircraft Monday.

United spokeswoman Rachael Rivas says some people suffered minor injuries while evacuating the plane.

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Post ID: @juv+Y1BvCuU

With Boeing planes dropping out of the sky like flies, China now has grounded 96 of the 737's. Fewer flight hours means less services revenue for Aviation as actual profitability is driven over the life of an engine not just the initial connection to the plane.

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Post ID: @nuz+Y1BvCuU

That's 100+ lives. Imagine what happened to their families. Shut up and be quiet.

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Post ID: @bxa+Y1BvCuU

I don't know why this is so hard for some to understand. If Boeing doesn't sell aircraft, GEA doesn't sell engines!

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Post ID: @kbn+Y1BvCuU

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