SEATTLE/CHICAGO (Reuters) – Boeing Co BA.N 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 ALK.N, 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 sorely needed commercial boost as the U.S. planemaker tries to move beyond a crisis that has hammered its finances.

It would also mark a post-crisis test of the balance of power between Boeing and Airbus AIR.PA. The European planemaker is battling to keep a foothold in Alaska Airlines, which had operated an all-Boeing fleet until it acquired Virgin America in 2016.

However, any new deal between Alaska Airlines and Boeing is expected to include significant discounts given the MAX’s woes and plunging demand for airplanes during the coronavirus crisis, industry sources said.

It was not immediately clear how many jets it may buy.

The talks are among several discussions Boeing is having with airlines, hoping to stimulate demand for the jet when it returns to the air. Analysts caution cutting prices too far could rattle some existing customers.

After months of delays, and pending approval of design and

CHICAGO (Reuters) – American Airlines

has delayed plans to begin scheduling Boeing Co

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 depending on when the MAX is recertified.”

She said American Airlines remains in contact with the FAA and Boeing on the recertification process, and continues to work in close collaboration with the pilots union.

Attempting to start MAX training for pilots in November seemed “a bit premature,” as we said recently, said Dennis Tajer, spokesman for the Allied Pilots Association, which represents American Airlines’ pilots.

(Reporting by Tracy Rucinski; Editing by Chizu Nomiyama and Paul Simao)

Copyright 2020 Thomson Reuters.

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Stocks rose sharply Wednesday after President Donald Trump said he would consider alternative aid measures such as a new round of stimulus checks, support for airlines and the Paycheck Protection Program, a day after halting stimulus talks until after the presidential election.

a boat sitting on top of a blue background: Stock Market Today With Jim Cramer: Buy Boeing

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Stock Market Today With Jim Cramer: Buy Boeing

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from the vice presidential debate tonight, Boeing stock and challenges for General Electric.


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Vice-Presidential Debate

The debate between Vice President Mike Pence and the Democratic candidate, Sen. Kamala Harris of California, is scheduled for Wednesday night in Salt Lake City.

Pence agreed to install plexiglass dividers for the debate with Harris after many members of President Donald Trump’s debate prep team tested positive for Covid-19 following the first presidential debate in Cleveland, Ohio.

Cramer said if we get a steady hand from Pence then Harris would be blunted. “However, if she can get him off his game then no. He’s very firm on certain issues and I don’t think Kamala will be able to throw him off his game. But I want to see if she can make him sweat.”

Boeing: Buy Or Sell?

On Tuesday, Boeing slashed its aircraft demand forecast by 11% for the next decade. Boeing’s outlook said that plane-makers will deliver 18,350 commercial airplanes in the next decade – 11% lower than the comparable 2019 forecast – valued at about $2.9 trillion.

Cramer really likes the Boeing stock right now. “It’s a good opportunity to buy shares of Boeing. Referring to a difficult political environment in the U.S.and the lack of agreement on stimulus for airlines, Cramer said, “The worst case isn’t Boeing right now, right here.”

General Electric: Buy Or Sell?

On Tuesday,

Trainers have Orca killer whales perform for the crowd during a show at the animal theme park SeaWorld in San Diego. (File photo).

Mike Blake | Reuters

Check out the companies making headlines in midday trading. 

SeaWorld Entertainment — SeaWorld shares popped 2% after a Credit Suisse analyst upgraded them to outperform from neutral. The analyst also hiked his price target on the stock to $30 per share from $13 per share, implying a 46% upside from Monday’s close. The analyst noted three key headwinds for SeaWorld “have either changed or are now fully priced in, making us more constructive on a stock with relatively low expectations.”

Vir Biotechnology – Shares of Vir Boitechnology climbed 6.1% after the biotech company said its experimental Covid-19 antibody treatment in partnership with GlaxoSmithKline will enter phase-3 trials,  with results coming possibly before the end of the year. The company said interim trial results may be available as early as the end of 2020. 

Social Capital Hedosophia Holdings Corp III – Shares of Social Capital Hedosophia Holdings Corp III, Chamath Palihapitiya’s special purpose acquisition company, fell 13.5% after the billionaire investor announced the target company to take public – health care startup Clover Health. The deal values Clover at $3.7 billion and includes up to $1.2 billion in cash proceeds, $400 million of which will be provided through a Palihapitiya-led private investment in the public entity.

Sonos, Logitech — Shares of the device companies fell after Bloomberg News reported that Apple yanked third-party audio products from its online stores and was doing the same at retail locations. Sonos’ stock dropped 7%, while Logitech lost 6.1%.

Boeing — Shares of the aircraft maker dropped 6.8% lower after slashing its 10-year forecast for new aircraft demand by 11% from a year ago. Boeing said the world’s

By Eric M. Johnson and Tim Hepher

SEATTLE/PARIS (Reuters) – Boeing <BA.N> cut its rolling 20-year forecast for airplane demand on Tuesday, sending its shares lower as the COVID-19 pandemic lays waste to deliveries over the next few years.

The U.S. planemaker, which dominates jet sales together with Europe’s Airbus <AIR.PA>, forecast 43,110 commercial aircraft deliveries over the next 20 years, down 2% from 44,040 projected a year ago and worth an unchanged $6.8 trillion at list prices.

While fleets are still expected to almost double, it is the first time since the 2009 financial crisis that Boeing has cut the 20-year demand forecast in terms of the number of deliveries.

Boeing, also for the first time, lifted the lid on the first half of the 20-year period, showing steep declines for the coming decade on the heels of the COVID-19 crisis. It predicted 18,350 deliveries for 2020-2029, down 10.7% from an unpublished forecast of 20,550 embedded in the last report.

“The industry clearly has been dramatically impacted … by the pandemic,” Commercial Marketing Vice-President Darren Hulst said.

Boeing shares fell as much as 3.3% after the report.

A key forecast for passenger traffic growth – once a reliable 5% a year – has been edging lower since 2015 as a record aviation boom peaked. But it took a sharp knock lower in the latest report, falling to 4% from 4.6% a year ago.

Boeing, America’s largest exporter, lowered its assumption for average global economic growth over 20 years to 2.5% from 2.7% after the pandemic plunged key markets into recession.

Even so, Boeing expressed confidence that demand would return towards previous trends in the 2030s, just as it did after earlier economic shocks. Environmentalist critics say the crisis is an opportunity for the industry to get smaller.