Ethiopian Airlines Nears Order for Up to 10 Boeing Freighters
BA sits 18% above its 52-week low of $176.77 on light trading volume (0.1× avg).
Summary
Ethiopian Airlines is close to ordering up to 10 Boeing freighters, including two current-generation 777F aircraft and the remainder expected to be the delayed 777-8F model. The deal would support Boeing's freighter backlog and bridge the gap until the new 777-8F enters service. This follows Boeing's recent production ramp-up plans and a $131B Air Force contract, reinforcing commercial demand. The order size is modest relative to Boeing's backlog but signals confidence in the freighter market.
At the time of this announcement, BA was trading at $208.37 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $164.7B. 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: Reuters.