'If they're flying, they're buying': Boeing (BA) 737 MAX returns to service in China

Boeing's long road to the 737 MAX's return in China

January 13, 2023 12:16 AM EST

(Reuters) - A China Southern Airlines Co Ltd flight on a Boeing Co 737 MAX took off on Friday, flight tracking website FlightRadar24 showed, marking the first passenger service on the model by a Chinese airline since March 2019.

Here is a timeline of events surrounding the MAX:

2017

MARCH 8 - The 737 MAX gains U.S. Federal Aviation Administration (FAA) certification.

MAY 22 - The MAX enters commercial service on Lion Air subsidiary Malindo Air.

2018

OCT. 29 - A Lion Air MAX plane crashes in Indonesia, killing all 189 people on board.

2019

MARCH 10 - An Ethiopian Airlines MAX... More

Boeing 737 MAX makes first passenger flight in China since March 2019

January 12, 2023 11:56 PM EST

By Sophie Yu and Jamie Freed

BEIJING/SYDNEY (Reuters) -A Boeing Co 737 MAX made its first passenger flight in China in nearly four years on Friday, marking a major milestone in the U.S. planemaker's attempt to rebuild its business in the world's second-largest aviation market.

The China Southern Airlines Co Ltd domestic flight from Guangzhou to Zhengzhou departed at 0445 GMT using a MAX plane, according to flight tracking website FlightRadar24.

The best-selling Boeing model was grounded in March 2019 after fatal crashes in Indonesia and Ethiopia, but returned to service around the world starting in late 2020... More

Boeing (BA) shares upgraded at Credit Suisse on improved execution

January 12, 2023 8:20 AM EST

Credit Suisse analyst Scott Deuschle upgraded Boeing (NYSE: BA) shares to Neutral from Underperform with a $200 per share price target (up from the prior $121). The key driver behind the upgrade is improved operational performance, as evidenced by stronger aircraft deliveries.

The broker no... More

Boeing (BA) PT Raised to $207 at JPMorgan

January 11, 2023 8:12 AM EST

JPMorgan analyst Seth M. Seifman raised the price target on Boeing (NYSE: BA) to $207.00 (from $200.00) while maintaining a Overweight rating.... More

Boeing (BA) added to Wells Fargo's Signature Picks List

January 11, 2023 7:42 AM EST

Boeing (NYSE: BA) is added to Wells Fargo's Signature Picks List.

"Boeing is a play on the secular growth story of global air travel. WFS Aerospace & Defense analyst Matt Akers sees robust cash generation, an under- supplied market, and easing growth concerns underpinning... More

Boeing (BA) PT Raised to $240 at Wells Fargo

January 11, 2023 7:11 AM EST

Wells Fargo analyst Matthew Akers raised the price target on Boeing (NYSE: BA) to $240.00 (from $218.00) while maintaining a Overweight rating.... More

Analysts praise Boeing (BA) after 'strong' December orders/deliveries

January 11, 2023 6:04 AM EST

Boeing (NYSE: BA) yesterday reported it delivered a strong performance in December to close another challenging year. The defense company said it delivered 480 airplanes and won 774 net new orders in 2022, which compares to 340 deliveries and 479 net new orders in 2021.

In December, Boeing delivered 69 airplanes, including 53 737 MAX planes, and won 203 new net orders. As a result, the companys backlog now sits at... More