Boeing Wins Big Order Commitment From Turkish Airlines
When Turkish Airlines announced last month that it had just placed its largest airplane order ever with Airbus, Boeing investors couldn't have been pleased. So perhaps today's news will suit them better: On Tuesday, Turkish Airlines announced it will also be buying planes from Boeing.
According to Boeing, TA announced today that it has committed to order:
- 40 Boeing 737 MAX 8 airliners.
- 10 larger 737 MAX 9s.
- 20 next-generation 737-800s.
Adding to the good news, TA took out options to purchase 25 737 MAX 8s at a later date.
None of these orders are yet set in stone, but Boeing is working toward completing the deal, which it says is worth "$6.9 billion at list prices," or even $9.4 billion including the optioned MAX 8s.
The order isn't quite as big as the one Airbus won last month, but it's a whole lot better than nothing, and it helped to lift Boeing shares 0.5% in Tuesday trading. Boeing closed at $87.21.
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