Boeing (BA) in Final Talks for 150 737 Max Aircraft; Still Lags Behind Airbus
Tweet
Share
E-mailGet Alerts BA Hot Sheet
Join SI Premium – FREE
Boeing (NYSE: BA) shares are indicated for a lower open Monday despite reports the company might be in talks with Air Lease (NYSE: AL) for the finalization of a massive 737 Max aircraft deal.
According to the WSJ, Air Lease and Boeing are in final talks for a deal consisting of Air Lease buying 60 Boeing 737 Max airplanes. At current prices, the deal has a book value around $5.5 billion.
This deal would a significant one for Boeing, especially, as pointed out by the WSJ, since its 737 Max program lags behind rival Airbus' A320 in terms of overall sales.
In addition to Air Lease's deal, Boeing and United Continental are in final negotiations for 100 737 Max aircraft. The two large orders, plus many more, put Boeing's backlog at 500 units.
Delivery of 737 Max units are slated to begin in 2017. Comparably, Airbus' A320 has a backlog of about 1,000 models.
According to the WSJ, Air Lease and Boeing are in final talks for a deal consisting of Air Lease buying 60 Boeing 737 Max airplanes. At current prices, the deal has a book value around $5.5 billion.
This deal would a significant one for Boeing, especially, as pointed out by the WSJ, since its 737 Max program lags behind rival Airbus' A320 in terms of overall sales.
In addition to Air Lease's deal, Boeing and United Continental are in final negotiations for 100 737 Max aircraft. The two large orders, plus many more, put Boeing's backlog at 500 units.
Delivery of 737 Max units are slated to begin in 2017. Comparably, Airbus' A320 has a backlog of about 1,000 models.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Nu Skin EVP of global sales takes medical leave
- Alzamend Neuro (ALZN) files for 98.4M share offering by selling stockholders
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
