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Market Chatter: Boeing May Be Beneficiary of All Nippon Airlines Expansion Plans
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Market Chatter: Boeing May Be Beneficiary of All Nippon Airlines Expansion Plans
Jun 3, 2024 11:05 AM

01:52 PM EDT, 06/03/2024 (MT Newswires) -- While Boeing ( BA ) still has to deliver more than 50 aircraft to All Nippon Airlines, it could still receive more orders from the Japanese carrier as it expands international flights, Bloomberg said Monday, citing All Nippon chief executive Shinichi Inoue.

The report did not explicitly mention Boeing ( BA ) or Airbus, but did say the company is looking for widebody and single-aisle aircraft to fuel its expansion. "We will need aircraft resources to accommodate this growth," Inoue reportedly told the news service during an interview at the annual IATA meeting underway in Dubai.

The airline confirmed it has bookings with Boeing ( BA ) and expects "first Boeing 737-8 and 777-9 aircraft scheduled for delivery in fiscal 2025."

ANA has a total of 20 737 Max, 18 777-9 and 14 787 Dreamliners for delivery from Boeing ( BA ), Bloomberg reported. Its fleet of around 240 planes has more than 80 Dreamliners.

Boeing ( BA ) and Airbus did not immediately return messages from MT Newswires seeking comment. Boeing ( BA ) shares were nearly 3% higher.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 182.71, Change: +5.10, Percent Change: +2.87

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