Vietnam Airlines Secures $2.9 Billion EXIM Loan for 50 Boeing 737 MAX Jets
BA sits 24% above its 52-week low of $176.77.
Summary
Vietnam Airlines has secured a $2.9 billion loan commitment from the US Export-Import Bank, specifically designated for the purchase of 50 Boeing 737 MAX aircraft. This represents a significant new order for Boeing, directly boosting its backlog and future revenue. The news follows a recent directive from the Vietnamese government for its airlines to expand their fleets and adds to a series of positive developments for Boeing regarding increased orders and production.
At the time of this announcement, BA was trading at $219.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $174.1B. 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 9 out of 10. Source: Reuters.