We seem to have some naysayers about at present so maybe we need to stand back a bit and be pragmatic.
Approvals
I for one am not hanging my hat on approvals by year end in spite of the boards stated expectations.
Boeing are a big company from an economic and employment perspective so are important to the US economy and US prestige.
Boeing have a huge order book for the 737 Max.
There are several hundred completed but undelivered 737 Max sitting parked.
Do you think there is any economic pressure on Boeing to get certification?
Do you think there is any Political pressure as well?
Do you think FAA consider Max re-certification as their number one priority?
I suggest Yes to all three.
FAA,Boeing and US Government would have been impacted by Coronavirus just like anyone else so I suggest CVM is not at the top of the agenda Until Max is back on track.
so I dont expect revelations on approvals in the short term.
Directors
Revelley selling a paltry number of shares is irrelevant.
The board have been responsible in my view given they have saved cash resources by remuneration in shares
and
kept their promise of no CR
and
invested in the underlying AEM business which is going from strength to strength.
I rest my case
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