Philippine Airlines Commits to Up to 20 Boeing 787s, Deliveries Start 2031
BA sits 22% above its 52-week low of $176.77.
Summary
Philippine Airlines has committed to up to 20 Boeing 787 Dreamliners, with deliveries beginning in 2031 and purchase rights for five more. The deal adds to Boeing's recent order momentum, following a 200-jet China order in May and a 28-aircraft Riyadh Air deal earlier today. GE Aerospace also benefits as the expected engine supplier. The order underscores sustained widebody demand in Asia-Pacific, a key growth market for Boeing.
At the time of this announcement, BA was trading at $216.05 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $168.7B. 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 8 out of 10. Source: Reuters.