Boeing said this morning that it finalized an order for 175 of its 737-800 planes from Ryanair Holdings PLC (NASDAQ: RYAAY). At list prices, the order is worth about $15.6 billion. The order is the largest ever placed on Boeing from a European carrier.
Airbus tried to keep pace by announcing an order for 75 of its wide-body A350 planes, worth about $7.2 billion at list prices, from Air France-KLM. SriLankan Airlines firmed up an order for six of the company’s A33-300 plants and committed to purchase four A350-900s in a deal worth $2.6 billion at list prices.
Ryanair officials also said they are working on an order for 200 or so of Boeing’s 737 MAX planes, which would be worth about $20 billion at list prices. The 737 MAX is Boeing’s answer to Airbus’s A320neo, a single-aisle, more fuel-efficient model of an existing family of planes. Boeing, however, is not scheduled to deliver the first 737 MAX until 2017, two years after Airbus begins delivery of its A320neo.
Total orders for both companies at the air show now top $100 billion. Not all the orders are firm and committed, but that is still an impressive total.
Shares of Boeing were down about 0.6% shortly after markets opened this morning, at $103.46 after posting a new high of $104.15 soon after opening. The 52-week low is $69.03.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
