financetom
Business
financetom
/
Business
/
Boeing Receives Order For Four 777 Freighters From Turkish Airlines
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing Receives Order For Four 777 Freighters From Turkish Airlines
Jul 2, 2024 11:05 AM

Boeing ( BA ) stock is trending on Tuesday. The company received an order of four 777 Freighters from Turkish Airlines, bringing the airlines total to 12.

What To Know: According to Boeing ( BA ), the 777 Freighter is its best selling freighter airplane with more than 265 deliveries.

“The addition of these Boeing 777 Freighters will not only enhance our operational capabilities, but also serve as another step in our strategic vision to reach the top of air cargo sector worldwide while maintaining our leading position with our unparalleled service and efficiency for our customers across the globe,” said Turkish Airlines chief cargo officer Ali Türk.

Turkish Airlines fleet also contains Boeing’s 777-300 Extended Range, 787 Dreamliner, the Next-Generation 737 and the 737 MAX. In a note from the Bank of America, the bank commented that 737 deliveries improved in June, however, 787 deliveries slowed when measured against first quarter deliveries.

Specifically, Boeing ( BA ) delivered two 787s and 29-30 737s. Deliveries for the 737s is an improvement from the month prior where the company delivered 19 737s. Boeing’s 787 deliveries for the second quarter totaled to eight compared to the first quarter where the company delivered 13.

The bank noted that June deliveries for the 737 may have increased due to an end of quarter push. Bank of America also believes that the recently announced acquisition of Spirit AeroSystems ( SPR ) will play a huge role in the production of both planes.

Related Link: Why Are Spirit Shares Trading Higher Monday?

BA Price Action: At the time of writing, Boeing ( BA ) stock is down 0.77% at $185.27, according to data from Benzinga Pro.

Image: Photo via Shutterstock

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 >
AES exploring options for a potential sale, Bloomberg News reports
AES exploring options for a potential sale, Bloomberg News reports
Jul 8, 2025
July 8 (Reuters) - Power provider AES Corp ( AES ) is exploring options including a potential sale amid takeover interest from large investment firms, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Shares of the company jumped 14.3% in extended trading. Several major private equity firms and infrastructure investors have been studying AES ( AES...
SR Bancorp Approves New Share Buyback Program
SR Bancorp Approves New Share Buyback Program
Jul 8, 2025
05:06 PM EDT, 07/08/2025 (MT Newswires) -- SR Bancorp ( SRBK ) said Tuesday that it approved a share repurchase program for up to 10% of outstanding shares. The repurchase program covers up to 886,137 shares, according to the company. SR Bancorp ( SRBK ) said the repurchase program will start after completion of the earlier buyback program that has...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Market Chatter: Starbucks Sees Interest for Controlling Stake in China Business
Market Chatter: Starbucks Sees Interest for Controlling Stake in China Business
Jul 8, 2025
05:02 PM EDT, 07/08/2025 (MT Newswires) -- Starbucks ( SBUX ) has proposals from prospective investors in its China business, possibly for a controlling stake, Bloomberg reported Tuesday, citing people familiar with the matter. The company is analyzing proposals and shortlisting a group of potential investors for the next round of bidding, the report said. Starbucks ( SBUX ) sees...
Copyright 2023-2026 - www.financetom.com All Rights Reserved