Riyadh Air Eyes 25-30 More Boeing 787s, Potential Farnborough Reveal
BA sits 27% above its 52-week low of $176.77.
Summary
Riyadh Air is studying the purchase of 25-30 additional Boeing 787 Dreamliners by exercising most of its existing options, according to Reuters sources. The Saudi startup carrier originally ordered up to 72 Dreamliners in 2023, with 39 firm orders and 33 options. Converting the bulk of those options would significantly expand Boeing's backlog for the widebody jet. An announcement could come as early as next week's Farnborough Airshow, though details are still being discussed. This follows a series of positive demand signals for Boeing, including a major China order in May and Vietnam's push for jet acquisitions in June. The potential deal reinforces the 787's strong market position and Boeing's commercial recovery momentum.
At the time of this announcement, BA was trading at $224.43 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $175.2B. 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.