Ken Herbert joined RBC Capital Markets in 2021, and is covering the Aerospace & Defense sector. Previously, he worked at Canaccord Genuity, Imperial Capital, Wedbush Securities and Citigroup in similar roles. Ken has an MBA from the University of Michigan and a BA in Politics from the University of California, Santa Cruz. Ken is based in RBC’s San Francisco office.
Boeing revealed with its earnings last month that it faces $5.5 billion in total costs to inspect and repair Dreamliners and compensate customers for lost flying, wiping out its profits for the aircraft.
China is one of the largest jet markets in the world, and its one of the last to approve the troubled plane. Recertification, which appears imminent, could lift the stock.
This is a positive step on the heels of the airline comment period in China regarding the MAX and its eventual return to service.