LOL – It's funny the kind of news that is ignored on days like today:
- Boeing's (NYSE:BA) 737 Max, an updated version of its best-selling single-aisle jet,completed its first flight Friday, a key step toward the goal of delivering the first plane by Q3 2017, but behind the scenes, the company is telling customers it might deliver the jet as much as six months early, WSJ reports.
- "Just being on time would be remarkable," WSJ's Jon Ostrower writes, noting that aerospace companies in recent years have struggled with on-time deliveries of products, including commercial jetliners, business jets, military transports and fighter aircraft, because of technical and production problems.
- Boeing needs a smooth transition to the Max from the existing 737 to ensure its cash-cow status continues uninterrupted; analysts estimate the 737 accounts for 40%-45% of the operating profit of the company’s commercial airplane business.
- BA -3.2%.
Good time to sell 5 BA 2018 $90 puts for $8.15 ($4,750) in the LTP.
