Trump Transportation Dept nominee says he will work to restore global confidence in Boeing
Posted: Jan 15, 2025
- User is considering entering Boeing ($BA) at $167 1/2
- Believes that everything, including negative factors like strikes, low plane output, previous crashes, settlements, and China's tariffs, are already priced into the stock
- Currently holds a small position in shares but is considering options as well.
- Sean Duffy, nominee for Transportation Secretary, aims to restore global confidence in Boeing after a mid-air emergency in 2024
- The FAA is maintaining tougher oversight of Boeing, including limiting production of 737 MAX planes
- Duffy plans to address aviation issues such as air traffic controller shortages and aging facilities
- Trump nominated Steve Bradbury as deputy DOT secretary
- Duffy's priorities include improving infrastructure projects, reducing red tape, and addressing increased traffic deaths
- Trump emphasized that DOT is a top priority for him and he wants to invest in rebuilding infrastructure.
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