British Airways appears close to an order of $7 billion of Airbus A350 planes. The airline traditionally has been a customer of Boeing Co. (NYSE: BA). However, that could change is a matter of days.
If confirmed, the order would strike a blow inside one of Boeing’s most loyal wide-body customers and may hike pressure on the U.S. planemaker to defend future profits by formally offering a revamped version of its successful 777 mini-jumbo.
Industry sources said on Sunday that International Airlines Group), which owns both BA and Spain’s Iberia, appeared close to ordering approximately 20 Airbus A350-1000 aircraft worth $332 million apiece at list prices.
Boeing shares are inactive so far in premarket trading, after ending last week at $86.17. The 52-week range is $66.82 to $86.84.
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.