Boeing s Max gets value boost with 2019 jets deemed good as new
Julie Johnsson, Bloomberg News VIDEO SIGN OUT
When Boeing Co. ended a long commercial drought last month by handing over 737 Max jets to two top customers, the transactions marked a little-noticed break with tradition.
The planes were built in 2019 but recorded as 2020 models when they were delivered, having sat dormant during the longest jetliner grounding in U.S. history. The seemingly innocuous distinction could provide some financial relief for the beleaguered aerospace giant, which lobbied appraisers to accept the new approach.
Hundreds of Max jets valued at about US$20 billion are poised for similar age-defying treatment as they emerge from storage lots to join the fleets of such carriers as American Airlines Group Inc. and United Airlines Holdings Inc. Their vintage will be based on when theyâre delivered, even if that doesnât happen for another year or two while air travel inches back from
According to data from the Center for Responsive Politics, corporate PACs accounted for about 5% of money accumulated for the 2020 election. The rise of small donors as well as the political action committees allowing unlimited donations have made the role of specific corporate political giving directly to candidates smaller over time.
Even though the 2020 election set a record for donations, the Center for Responsive Politics notes that, Traditional PACs, often used by corporations to curry favor with lawmakers, are losing relative influence. . That s because the PAC contribution limit of $5,000 hasn t increased in decades, and corporate PACs have become toxic to some Democrats. They are making up the gap, in part, by record levels of donations from small donors, which accounted for 22% of the money raised in the 2020 cycle, a record, up from 15% of the money raised in the 2016 election.
The Centers for Disease Control and Prevention has ordered that all travelers flying to the U.S. from abroad will have to show proof of negative Covid-19 tests before boarding their flight starting Jan. 26.
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Delta to Ban Checked Firearms on D.C. Flights (1:55 p.m.)
Delta won’t allow passengers flying into any of the Washington-area airports to check a firearm starting this weekend as part of extra security steps leading to the inauguration.
The ban, which excludes law enforcement officers authorized to carry a gun, will extend through next week, Chief Executive Officer Ed Bastian told CNBC Thursday. The airline has also increased security in Washington airports.