Etihad Nears Deal for 10 Boeing 787 Jets, Adding Billions to Order Book
BA sits 27% above its 52-week low of $176.77 on light trading volume (0.4× avg).
Summary
Etihad Airways is reportedly nearing a deal to order 10 Boeing 787 wide-body jets, a transaction estimated to be worth approximately $2.8 billion. This potential order adds to Boeing's recent string of positive developments, including a major 200-jet purchase from China and increased overall aircraft orders in April. The deal reinforces strong demand for Boeing's wide-body aircraft and contributes significantly to its order backlog. An official announcement is expected as early as the Farnborough Airshow this month.
At the time of this announcement, BA was trading at $223.87 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $176.5B. 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.