Join        Login             Stock Quote

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.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.