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...Aengus Kelly, chief executive of AerCap, the world’s biggest aircraft lessor, told the Financial Times last month that Boeing needed to put aside financial targets and focus solely on the safety and quality...
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...BAE Systems has agreed to acquire the aerospace division of Ball Corporation in a $5.55bn cash deal, the UK-based defence company said on Thursday....
...Kelly stressed that he thought Boeing was a “tremendous” company with “tremendous” people and that it was premature to speculate on what went wrong....
...Daniel Fisher, Ball’s chair, said BAE “is well-positioned to invest in Ball Aerospace to elevate the combined business to new heights”....
...The US’s defence and aerospace industries seem to be having an extremely Normal Week....
...Aengus Kelly, chief executive of AerCap, the world’s biggest aircraft leasing company, said in January that Boeing could not “afford another slip-up” and must set aside financial targets to focus solely...
Acquisition might please regulators but would strain jet maker’s liquidity and efficiency measures
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...offering sage advice to the embattled aerospace manufacturer (Interview, January 19)....
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...Charles Peabody of Portales Partners disagrees with Kelly....
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...jemima.kelly@ft.com...
...While the deal would give Boeing the opportunity to fix Spirit’s problems, he added the US aerospace giant “has its own issues and has hardly covered itself with glory when it comes to execution of late”...
Loss of air pressure → Lots of cash pressure
...“Aerospace is vital to Northern Ireland — these are high-tech, high-value exports.”...
...Spirit used to be Boeing Wichita, located in the heart of Kansas’s aerospace hub and the state’s largest private employer....
...AerCap’s Kelly points to the enormous technological challenges that go with building aircraft and engines....
...The aerospace group said in a statement on Saturday that it supported the temporary grounding. “Safety is our top priority,” Boeing said....
US carriers spell out hit to profits from ‘unacceptable’ Max 9 groundings and delivery delays
...“Never before has there been such uncertainty over the fate of such a large acquisition so close to a supposed deadline for it to be closing,” Kelly said....
Aircraft manufacturer has been under scrutiny after crashes involving variants of the plane in 2018 and 2019
Preliminary report by NTSB finds part that detached had been removed at Washington factory
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