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Boeing In Talks For Another Blockbuster Deal
Boeing In Talks For Another Blockbuster Deal With Big Airline
Following a blockbuster deal with United Airlines (UAL), Boeing (BA) is reportedly in talks for Air France-KLM’s biggest order ever. But rival Airbus (EADSY) is also in the mix. BA stock dipped.
Air France-KLM is in the market for a 160 narrow-body jet order for its Transavia budget airline and its KLM European routes, a spokesperson told Bloomberg Monday.
Boeing could have a slight advantage as Transavia currently flies 737-800s and KLM has been using Boeing jets for long-haul flights.
Another big order would follow United’s last month, when it announced that it will buy 200 Boeing 737 Max jets and 75 Airbus 321neo aircraft in the biggest single order by any carrier in at least a decade.
Boeing Stock
Shares dipped 0.2% to 239.19 on the stock market today. Boeing stock is consolidating with a 278.67 entry point but faces resistance around its 50-day line. Top 737 Max supplier Spirit AeroSystems (SPR) fell 2.4%, and engine supplier General Electric (GE) lost 1.4%. Airbus’ U.S.-listed shares fell 0.5%.
Boeing stock has gotten a lift as orders for its once-troubled 737 Max pick up in recent months while carriers look to revamp their fleets amid an expected surge in traffic.
Southwest Airlines (LUV), the top 737 customer, announced in June that it would buy 34 737 Max jets for delivery in 2022. The carrier now has 234 737 Max aircraft on order in total and says it could need up to 500 new aircraft as it expands U.S. service.
Ireland’s Ryanair (RYAAY), Alaska Airlines (ALK), and Dubai Aerospace Enterprise have also ordered more 737 Max jets.
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Re Blogged from:-https://www.investors.com/news/boeing-stock-talks-for-air-france-klm-biggest-order-ever/?src=A00220&yptr=yahoo
- Investor’s Business Daily
- 12:38 PM ET 07/12/2021
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