financetom
Business
financetom
/
Business
/
Boeing Gets Korean Air Commitment for up to 50 Wide-Body Aircraft Order
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing Gets Korean Air Commitment for up to 50 Wide-Body Aircraft Order
Jul 22, 2024 11:05 AM

01:50 PM EDT, 07/22/2024 (MT Newswires) -- Boeing ( BA ) said Monday it secured several new aircraft orders, including a commitment by Korean Air to purchase up to 50 wide-body jets.

Korean Air intends to buy 20 777-9 planes and 20 787-10 aircraft, with options for 10 more of Boeing's ( BA ) largest 787 Dreamliner variant, the companies said in a joint statement.

"Korean Air's selection of the 777-9 and 787-10 supports planned growth and renewal of its fleet in size, range and capacity to reach high-demand markets in Europe and North America, as well as popular regional routes within Asia," the companies said. The carrier is looking to expand its fleet ahead of its anticipated merger with Asiana Airlines, according to the statement.

Korean Air has received its first 787-10 aircraft and will launch its maiden flight Thursday from Seoul Incheon to Tokyo Narita, the airline said in a separate statement.

Separately, Japan Airlines has committed to 10 787-9 Dreamliner jets, with options for 10 more, while European regional carrier Luxair has placed an order for two Boeing 737-10 Max jets, with options for two more.

Boeing ( BA ) and National Airlines separately said the carrier has committed to place its first order for four 777 Freighters. The plane maker separately received a $16.8 million contract from the US Air Force for software and data enhancements to the KC-46A tanker.

On July 1, Boeing ( BA ) announced a deal to acquire Spirit AeroSystems ( SPR ) in a roughly $8.3 billion deal that would reverse their 2005 separation as the troubled aircraft manufacturer continued its quality and safety improvement efforts.

Earlier this month, Boeing ( BA ) data showed it delivered 92 commercial jets in the second quarter, down from 136 a year earlier, while orders slumped to 25 from 407.

The company is scheduled to report its second-quarter financial results July 31. Analysts surveyed by Capital IQ are looking for revenue of $17.39 billion, compared with $19.75 billion reported a year earlier.

Price: 178.85, Change: -0.82, Percent Change: -0.46

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Company Correction: Lucara Diamond to List on Nasdaq First North Growth Market
Company Correction: Lucara Diamond to List on Nasdaq First North Growth Market
Jan 24, 2025
02:18 PM EST, 01/24/2025 (MT Newswires) -- (Lucara corrects a release to show it has conditional approval for the new listing instead of being approved) Lucara Diamond ( LUCRF ) on Friday said it received conditional approval to list its shares on the Nasdaq First North Growth Market in Sweden, and expects to begin trading on the exchange on Jan.31...
Update: Snow Lake Resources Shares Tumble After Pricing $16 Million Share Offering
Update: Snow Lake Resources Shares Tumble After Pricing $16 Million Share Offering
Jan 24, 2025
02:20 PM EST, 01/24/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Snow Lake Resources ( LITM ) shares were down more than 27% in recent Friday trading, a day after the company said it priced a best-efforts offering of 16 million shares at $1 per share. Proceeds from the offering, expected to...
Verizon Communications Unusual Options Activity For January 24
Verizon Communications Unusual Options Activity For January 24
Jan 24, 2025
High-rolling investors have positioned themselves bullish on Verizon Communications ( VZ ) , and it's important for retail traders to take note. This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in VZ often signals that someone has privileged information. Today, Benzinga's...
Med crude-Urals differentials stable, Azeri BTC premiums ease
Med crude-Urals differentials stable, Azeri BTC premiums ease
Jan 24, 2025
MOSCOW, Jan 24 (Reuters) - Urals crude differentials to dated Brent were stable on Friday, while premiums for Azeri BTC crude oil loading in February eased amid weakening demand, traders said. The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow's oil revenue, India's oil...
Copyright 2023-2026 - www.financetom.com All Rights Reserved