"someassemblyrequired" (someassemblyrequired)
03/12/2019 at 09:37 • Filed to: If it's Boeing I'm not going?
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"someassemblyrequired" (someassemblyrequired)
03/12/2019 at 09:37 • Filed to: If it's Boeing I'm not going? | 1
| 10 |
There are only a handful of 737s in the UK, but a ban on overflights and landings by foreign 737 Max’s will cause big problems for Icelandair, Air Canada and Norwegian. Glad I’m not a Boeing stockholder.
E90M3
> someassemblyrequired
03/12/2019 at 09:52 |
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I was thinking about offloading all my SLB stock and buying some BA stock. You’re supposed to buy high and sell low, right?
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someassemblyrequired
> E90M3
03/12/2019 at 09:57 |
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yes if you are transacting with me, otherwise, no
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E90M3
> someassemblyrequired
03/12/2019 at 10:13 |
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I got my SLB stock in 2014/2015 when I was working for them via this DSPP, yeah that didn’t work out. I’m looking to offload it if/when it makes a recovery and invest in something else.
facw
> someassemblyrequired
03/12/2019 at 10:14 |
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Doesn’t seem like the overflight thing should be a big deal? Icelandair has plenty of 757s for offseason travel, and I imagine these groundings will be resolved quickly, almost certainly before the peak summer season. Air Canada doesn’t have any overflight routes with the 737 (I don’t believe it has the range to reach continental Europe, and I believe those are summer routes as well. Might be a problem for Norwegian but presumably they’d be fine with a little fleet shuffling (Assuming the EU doesn’t go the same route).
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someassemblyrequired
> E90M3
03/12/2019 at 10:15 |
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yeah, selling calls is
sometimes are a good way to make a garbage position generate some cash while you wait
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someassemblyrequired
> facw
03/12/2019 at 10:20 |
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AC now
runs quite a few Europe flights with the Max (from some points in Eastern Canada it’s only a 5-6 hour flight). But flying around the UK might be an issue
.
Norwegian will have trouble just due to usual flight paths and the number they have. Icelandair can probably work something out, but again it will require some shuffling.
I’d expect now that the UK has made this decision other governments will follow, though it’s unlikely in the US (the FAA sometimes is a political animal).
Not sure how long this will last - the grounding of the DC-10 in 1979 after the AA crash
lasted 38 days.
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facw
> someassemblyrequired
03/12/2019 at 10:22 |
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Hmm, the stuff I saw for AC basically had flights to the UK, Ireland, and Iceland (some of them seasonal) , didn’t see anything to the mainland, though maybe they’ve expanded.
Grindintosecond
> someassemblyrequired
03/12/2019 at 11:16 |
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On the dip! N ow is the perfect time to become a B oeing stock holder.
farscythe - makin da cawfee!
> facw
03/12/2019 at 12:21 |
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now banned in most of europe
sooo those 737s are pretty much grounded for the time being
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someassemblyrequired
> Grindintosecond
03/12/2019 at 12:54 |
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Give it a few weeks there Jim Cramer