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Japan Air Grounds 'Another' 787; Boeing Shareholders Prepare For 'Another' 39% Rally
Just one day after resuming use of the troubled 787 fleet, Japan Airlines has switched to an alternative aircraft after finding a fault with the air pressure sensor that detected overheating in the plane's battery container. JAL 'assures' the public that this is not the same battery issue that the FAA grounded Boeing's fleet for back in January. The problem, as The Telegraph reports, was put down to Boeing's faulty maintenance as two small holes on the 'battery' container - necessary for ventilation - were mistakenly sealed when the 'battery' system was repaired. This is great news for Boeing shareholders of course - from the moment the fleet was grounded in January, shares rallied a remarkably idiotic 39% - so up, up, and away as equity bulls must be hoping for another grounding sometime soon.
Charts: Bloomberg
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That's a good short right there. :-)
No, you're getting sucked in.
Boeing is practically a state owned enterprise. US Gov simply bought boeing shares and can continue to do so at will.
Depends on their defense contracts going forward. I guess they're priced in. ;)
There are so many stocks that are a good short right now. GOOG, JPM, BA, and indicies IWM, SPY, DIA, QQQ.
You go first.
Jan 14 deep OTM puts for underliers with PEs>25 is the way I'm playing it. Since everyone is expecting collapse, I imagine we might actually get a controlled descent this time around.
I have June 7 $55 JPM puts.
the terrorists have won. and by terrorists i mean the devaluators.
Not bad. Devil's (aka Rockefellers) bank. No wait - the Devil's bank is Buffett's Wells Fartgo or Citi Crap or Bank(o) America(ano).
Sounds like the batteries were Kuroda'd.
actually -- it's the off shore (maintain at the least cost) in China, keep your Boeing/Airbus in the air(not) business model of the airline bean counters and profits at all cost used to be sales execs (now CEOs.)
+1 for the double entendre. Could be a triple.
By this reckoning, a crash should be worth a 50% bump.
unless....
that's why Obama's strategy worked so great for the DOW!!!
YOUR GROUND THE ECONOMY AND YOU RALLY!!!
ALL HEIL THE OBAMA!!! 3TH TERM HERE WE COME!!!
Shouting isn't necessary.
!?!?!WHY NOT ?!?!?!
First it's the food con and then it's the hurry up get the planes up in the air with no regard to peoples safety for we need that share price to climb whilst Ben B is gifting the $85 billion per month! What's next?
People that think big because they are small need to seek counseling.
Counseling won't help with my problem.
Now if I could just keep the prostitutes from laughing.
An in-flight tragedy would probably cause the stock to double in this "market".
Lithium is wacky with its single hot little electron at 40000 feet, ya think?
Maybe they should try dilithium ? If it fails, they can always run a Level Two diagnostic.
Ventilation holes mistakenly sealed, after triple-checking to be sure, which of course is the only consequence fitting with the narrative that nothing could be wrong. Another view might be that since the ventilation holes were now blown open by heat expressing excess like a deep bass note, the whole croque-monsieur fits together in the mouth like a Royale with cheese.
Boeing will fix the battery issue. 787 is far and away the best plane ever built and has extraordinary demand because it fills the right market niche and is a far better value than Airbus (their A380 is a real disaster so be fair when putting the 787 down let's talk about Airbus decision to build the A380 which is exactly what the market did NOT want). OK folks carry on with doom talk, I'm a subscriber here and read every article too. Just know that the 787 is not an epic fail.
"far and away the best plane ever built"
If you were swinging for self-parody, you hit it out of the park.
OK pal Russians are making the best plane, gold will be $10,000 this year, 27 tons of food is stored in my garage and my bug-out bag has been packed for months. Boeing will go bankrupt tomorrow. Happy now? LOL.
Do some research into the 787 beyond their battery packs, which will be solved. It's a huge leap in progress over currently-produced planes such as the 737 which is an excellent plane used far and wide throughout the world.
It used to be that Airbus was a damn good competitor and everyone knew that, but they decided to build the A380 the laughingstock of aviation. Truth be told, Boeing put on a type of roadshow similar to the fakery found in the "Argo" script. They went around the world trumping a giant mega airliner that they knew wouldn't be built. Airbus took the bait and built the A380 it's one of the biggest bitch-slaps in economic history.
Boeing is one of the few remaining excellent American companies but even ZH can convince their tinfoil brigade otherwise. Have a Snickers.
Setting aside your ridiculous red herrings and straw men, the assertion that a plane which has been plagued with problems since its recent introduction, and was grounded as a result, is "far and away the best plane ever built", is laughable on its face.
You might as well claim that a highly touted rookie shortstop who made six errors in his first 25 games is the best ever.
787 is the plane that will end up destroying Boeing... this is just the beginning of their troubles.
So long as they can sell the .gov billions of $$ worth of drones, missiles, and satellites to use on us, they have few worries.
"787 is far and away the best plane ever built"
Any chance you work for Boeing or one of downstream contractors?
787 takes its fair lion's share of the market, given its specs - it's the best long-range airliner there is. Sure, it may not fit 1200 people per flight, but we're not expecting the masses of peasants to fly anywhere, anyway. ;=)
The battery design is an epic fail...until they switch the existing batteries for batteries with a chemistry that is inherently safe, they risk a catastrophic and out of control fire at 40K feet. A vent and a sealed stainless steel battery box is not the fix!
Agreed
Yes, I know, it's the Dreamliner. In my dreams, even I am able to fly.
A 707 is a better plane than an A380 (and probably the 787) that ain't saying much.
The miracle of Bubble Bernanke and the Fed's infinite money printing and equity buying.
How many trillions of off-balance sheet garbage and non-performers does the Fed have?
The US is headed for a currency crisis.
Wait until airports show off their "A 787 Burned Here" scars from that "flamethrower vent".
This is just weird.
Wait, an air pressure sensor to detect temperature?
Shouldn't it be a temperature sensor to detect temperature?
Can you say "too much technology"? At some point all the complexity leads to less safety, not more.
Pressure is temperature when volume is fixed: P=nRT/V. Typically, a pressure sensor is used to detect catastrophic failure in relatively fixed volume. Thus, if the pressure increases faster than the holes in the box can vent it, you're fucked.
Icarus may be flying that ton of lithium too close to the sun. Different chemistry maybe not like happening like we at the bottom of this miles-high air bowl where we experience. Hope is all that's left for those that stopped doing their homework.
Thanks for that.
Right.
And anything sensing pressure is prone to leaks, as well as a mechanical measurement versus say three solid state temperature sensors detecting temperature.
A measurement technique using pressure is much more prone to failure or innacuracy versus solid state redundant circuits that could measure amperage/voltage draw with temperature sensors in the battery compartments.
Big deal to all of the above. So you sensed that it caught fire at 40,000 feet, what next?
Should the passengers break out the marshmellows?
ebworthen-
The use of an air pressure sensor to detect an excessive temperature increase is totally incompetent engineering. One could get better, more consistent performance from a multitude of far simpler, more reliable devices such as temperature-sensing diodes, thermistors, or even the old-school thermocouple.
Everyone associated with this fiasco should've been fired months ago.
Or are they making excuses to cover reduced flight demand... or... the jet really is buggy still.
You've lost another submarine???