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Exclusive: Boeing in Talks With Alaska Airlines for Potential 737 MAX Order – Sources | Investing News

October 10, 2020

By Eric M. Johnson and Tracy Rucinski

SEATTLE/CHICAGO (Reuters) – Boeing Co

is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, three people familiar with the matter said.

The talks are part of a series of negotiations between Boeing and several airlines over jet orders or compensation after the 737 MAX was banned worldwide following two fatal crashes.

Boeing and Alaska Airlines, which is part of Alaska Air Group Inc

, declined to comment.

Any deal would be subject to U.S. Federal Aviation Administration approval of proposed 737 MAX safety upgrades.

Boeing shares were up 1.6% at $167.22 on Thursday afternoon, while Alaska Air stock was up 4.1% at $38.54.

Alaska Airlines already had ordered 37 of the jets before the grounding. If confirmed, a new order from such a major carrier would give Boeing’s 737 MAX a

Max Levchin’s Affirm confidentially files for U.S. IPO

October 8, 2020

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Adds details on company, background on IPO market

Oct 8 (Reuters) – PayPal Holdings Inc PYPL.O co-founder Max Levchin’s Affirm Holdings Inc has confidentially filed with the U.S. securities and exchange commission for an initial public offering, the lending startup said on Thursday.

The move comes amid a massive rebound in the IPO market that came to a halt in April due to the economic uncertainty from the COVID-19 pandemic. The likes of short-term home rental company Airbnb and food delivery company DoorDash are also gearing up for IPOs later this year.

Companies have raised more than $100 billion in U.S. IPOs so far in 2020, comfortably outpacing a $62.5 billion haul in 2019, and on track to be the biggest year since 2000, according to data from Dealogic.

Levchin started Affirm in 2013 to give consumers without credit history or savings accounts access to small loans. The startup

Max Life Insurance launches ‘Buy Now, Pay Later’ feature

October 8, 2020

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Making an effort towards providing the best services during covid times, Max Life Insurance has introduced ‘Buy Now – Pay at Approval’ feature for the customer while purchasing online policies. In its continuous endeavor to strengthen customer trust, the feature that is available for policies bought online, allows customers to apply for a policy with the proposal form and a payment instruction through a digital payment method, without the actual deduction of money until the proposal is evaluated by the insurer. The actual premium deduction happens just before the policy issuance.

The feature ensures that the customer does not need to make any payment at the time of applying for the life insurance policy and the charge to the customer’s credit card happens only at the time of the insurer accepting the risk.

Reviewing data for online term sales of Max Life, it has been observed that nearly 8% of

American Airlines delays Boeing 737 MAX pilot training

October 7, 2020

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By Tracy Rucinski

CHICAGO (Reuters) – American Airlines <AAL.O> has delayed plans to begin scheduling Boeing Co <BA.N> 737 MAX training for its pilots in November, the Allied Pilots Association said on Tuesday, as the grounded jet awaits regulatory approval to return to the skies.

Boeing is seeking approval from the U.S. Federal Aviation Administration (FAA) on a series of changes to the 737 MAX following two fatal crashes in 2018 and 2019 that triggered the aircraft’s global grounding. The FAA has also yet to determine new pilot training requirements for the jet.

Last month, American said its training plans could be canceled if the 737 MAX was not recertified.

“We have not made any definitive plans regarding the 737 MAX as the return to service timeline remains fluid,” an American Airlines spokeswoman said. “That’s why we recently adjusted the pilot training scheduling process and will continue to do so

Buying The Boeing 737 MAX Timeline (NYSE:BA)

September 29, 2020

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It’s been a challenging year overall. Not just for Boeing (BA), not just for jet makers, not just for airlines… but for everyone, and one thing we have in common with the industry is that we all have been looking for positive developments. Those positives have been easing lockdowns, increasing test capacity and vaccine developments and availability.

Many of those positives we’d appreciate to normalize our day-to-day life are also catalysts for the travel industry. Improving test capacity and easing lockdowns offer better prospects for rebuilding the airline network, while a vaccine development is the long-term solution supporting a full recovery of the industry. Those elements also add positively to the equation for Boeing, which faces a double crisis as it suffers a blow to demand for new aircraft due as well as the ongoing Boeing 737 MAX crisis.

Source: The Seattle Times

For Boeing, the added positive is the

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