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Boeing (BA) Finalizes 787 Dreamliner Order With Aeromexico

 December 27, 2012 10:40 AM
 


(By Balachander) Boeing Co. (NYSE: BA) and Mexico's largest airline Aeromexico finalized an order - valued at more than $1.46 billion at published list prices - for 787-9 Dreamliners.

The order includes six 787s, plus reconfirmation rights for four additional Dreamliners.

Aeromexico said the purchase of these Boeing 787-9 Dreamliners is part of the 100 aircraft announced earlier this year. "These additional 787s will help Mexico's largest airline expand its international presence," Aeromexico added.

Following the acquisition, Grupo Aeromexico - the parent company of Aeromexico - will have a total of 19 Boeing 787 Dreamliners in its fleet, whose first delivery is expected to be in the summer of 2013.

[Related -United Technologies Corporation (NYSE:UTX): How Pension Shift Will Drive EPS?]

The companies said Boeing 787 Dreamliner is the first mid-size airplane capable of flying long-range routes and will allow Aeromexico to replace older aircraft on its European, Asian and South American routes.

BA shares retreated 1.00 percent to trade at $75.26 at 10.38 am ET on Thursday.

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