The president provided a scoop for investors while visiting the country, welcoming the airline's agreement to buy the jets.
Boeing sold more 737 MAX jets. Investors found out from the president. Boeing shares are getting a boost.
An order that size is likely for 70 or 80 MAX jets. Orders are typically quoted at list prices, although airlines don’t typically pay list prices for new equipment. Discounts are negotiated and a closely guarded secret by the industry.Shares were up 1.7% in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were up about 0.4% and 0.2%, respectively.
Investors like to see a building order book for the MAX jet, which was grounded worldwide between May 2019 and November 2022 following two deadly crashes that took place within five months of each other. Faulty software was blamed. Airbus had a head start. The A320 NEO entered service in 2016. The MAX entered service in 2017 and then ran into problems that required some redesign.
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