Boeing in Advanced Talks for 100 737 Max Jets from SMBC Aviation Capital
BA sits 21% above its 52-week low of $176.77.
Summary
Boeing is in advanced talks with aircraft lessor SMBC Aviation Capital for an order of about 100 737 Max jets, while Airbus competes for a similar A320neo deal. This follows a string of positive demand signals, including China's 200-jet order in May and Vietnam's push for Boeing purchases. A firm order of this size would further solidify the 737 Max backlog and support the planned production ramp to 70 jets per month. The lessor channel is a key indicator of airline confidence, and a win here would reinforce Boeing's commercial momentum.
At the time of this announcement, BA was trading at $214.10 on NYSE in the Manufacturing sector, with a market capitalization of approximately $169B. 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: Binance News.