GE CEO Says Give Dave Calhoun A Lot Of Credit For Handing The Situation Since Jan. 5 Incident; Not Thinking About Switching More Capacity To Airbus Away From Boeing; Boeing Still Taking Engine Deliveries For Max Planes At The Same Rate
Portfolio Pulse from Benzinga Newsdesk
GE's CEO praised Dave Calhoun for his handling of the situation since the Jan. 5 incident, indicating no plans to shift more capacity to Airbus from Boeing. Boeing continues to receive engine deliveries for Max planes at the same rate, as discussed in a conference call.
March 07, 2024 | 4:49 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Despite the Jan. 5 incident, Boeing continues to receive engine deliveries for its Max planes from GE at the same rate, indicating a stable supply chain and partnership.
The ongoing engine deliveries from GE to Boeing for the Max planes, despite the Jan. 5 incident, demonstrate Boeing's operational resilience and the strength of its partnership with GE, which could positively influence Boeing's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GE's CEO expressed confidence in Boeing's management and indicated no change in their business relationship, continuing engine deliveries for Boeing's Max planes.
The CEO's endorsement of Boeing's management and the continuation of engine deliveries for Max planes suggest a stable and positive outlook for GE's aviation sector, potentially boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80