AerCap Orders 15 Boeing 787 Dreamliners, Expanding World's Largest Fleet
BA sits 19% above its 52-week low of $176.77.
Summary
AerCap, the world's largest 787 lessor, placed a firm order for 15 additional 787-9 jets, with substitution rights for the larger 787-10. This brings its 787 portfolio to roughly 140 aircraft, reinforcing Boeing's widebody backlog amid strong leasing demand. The order follows a series of recent Boeing wins, including Luxair, Uganda Airlines, and MSC Air Cargo, and adds to the positive order momentum seen in recent months. While the financial terms are undisclosed, the deal signals continued airline appetite for fuel-efficient widebodies and strengthens Boeing's commercial pipeline.
At the time of this announcement, BA was trading at $210.90 on NYSE in the Manufacturing sector, with a market capitalization of approximately $165.1B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.