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

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 all applied policies/cases end up in decline or postponement. Under such circumstances, the amount collected from the customer during purchase process is to be refunded. Usually, this refund process takes around 8-10 working days and this delay often results in customer anxiety, leading to poor customer and distributor experience. Max Life’s ‘Buy Now – Pay at Approval’ feature aims to efficiently navigate this hassle by letting customers purchase a policy worry free through a digital payment instrument and away from the hassle of money getting blocked in case of any delay in policy issuance due to underwriting requirement.

“Building trust at the moment of truth is critical in a life insurance purchase process. This feature allows new age, millennial, digitally savvy, affluent customers, to experience life insurance purchase just like they experience booking hotels online with new age digital travel aggregators. It becomes more relevant for pure protection policies where

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.

Source Article

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.FAA Boeing 737 MAX recertification

Source: The Seattle Times

For Boeing, the added positive is the prospect of the Boeing 737 MAX recertification. In a piece that I wrote before COVID-19 became an immediate pressure to the world, I noted that the (prospect of) recertification could provide a pop in Boeing share price – and that did happen, as the price has been lifted by nearly 15% in 2 trading days.

Over the past few weeks, I’ve been asked what the MAX schedule looks like. In July 2020, I looked at the schedule after it was reported that recertification could slip to 2021, and while since October 2019 I had been bearish on the timeline for the Boeing 737 MAX schedule, I became somewhat more upbeat on the timeline of the MAX schedule, as I noted that a lot of sequential activities would stretch the timeline, and from that point on, it would only be a matter of days for the schedule to slip into 2021.