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United tells Boeing to stop making the Max 10s the airline ordered: report
Former acting FAA administrator Billy Nolen addresses Boeings recent string of safety problems on Cavuto: Coast to Coast.
United Airlines CEO Scott Kirby reportedly revealed Tuesday the carrier has asked Boeing to halt production of the 737 Max 10s the airline ordered, and to build Max 9s instead after an extended delay.
“We’ve asked Boeing to stop building Max 10s, which they’ve done, for us and start building Max 9s,” Kirby said Tuesday at a JPMorgan investor conference, according to Bloomberg. “It’s impossible to say when the Max 10 is going to get certified.”
United Airlines CEO Scott Kirby speaks during a joint press event with Boeing at the Boeing manufacturing facility in North Charleston, South Carolina, on December 13, 2022. ( LOGAN CYRUS/AFP via Getty Images / Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UAL | UNITED AIRLINES HOLDINGS INC. | 42.17 | -0.72 | -1.68% |
United Airlines Holdings, Inc.
“We are in the market for A321s, and if we get a deal where the economics work, we’ll do something,” Kirby said, referring to the Airbus jetliner, confirming earlier reports. “If we don’t, we won’t and will wind up with more Max 9s.”
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Kirby said in January that United thought Boeing was “not going to be able to meet their contractual obligations on at least many” of the 737 Max 10 planes ordered by the airline. United’s order included 277 of the aircraft along with “an additional 200 auctions for Max 10 aircraft.”
Investigators examining the door plug that blew out of a Boeing 737 Max 9 during an Alaska Airlines flight in January. (NTSB / Fox News)
Boeing has faced increased scrutiny following a Jan. 5 incident in which a door plug blew off a 737 Max 9 plane mid-flight, sparking fresh concerns about the certification of the already delayed MAX 10 model.
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The Max 10 is pending certification by the U.S. Federal Aviation Administration (FAA), but that process has been delayed indefinitely.
Signage outside the Boeing Co. manufacturing facility in Renton, Washington, US, on Monday, Feb. 5, 2024. (David Ryder/Bloomberg via Getty Images / Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BA | THE BOEING CO. | 184.24 | -8.15 | -4.24% |
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Also on Tuesday, Reuters reported Boeing announced internally it is adding weekly compliance checks for every 737 work area and additional audits of equipment to reduce quality problems, after a six-week audit of Boeing’s 737 Max manufacturing processes by the FAA faulted numerous company processes.
FOX Business’ Aislinn Murphy and Reuters contributed to this report.
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As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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