STOCK TITAN

Boeing, United Airlines Finalize 737 MAX and 787 Order, Including Record Purchase for 100 Dreamliners

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Boeing (NYSE: BA) and United Airlines (NASDAQ: UAL) have announced a historic agreement for 100 787 Dreamliners, with an option for 100 additional units, marking the largest order for this model in Boeing's history. United is also acquiring 100 737 MAX jets by exercising 44 existing options and placing 56 new orders. This investment aims to modernize United's fleet and enhance operational efficiency, with the 787 offering a 25% improvement in fuel use and the 737 MAX reducing emissions by 20%. The order reinforces United’s position as a leading global airline.

Positive
  • Largest order of 787 Dreamliners in Boeing's history enhances Boeing's sales.
  • United's fleet modernization with 100 787s and 100 737 MAX jets supports operational efficiency.
  • 787 Dreamliner improves fuel efficiency by 25% compared to its predecessors.
  • 737 MAX reduces CO2 emissions by 20%, aligning with sustainability goals.
Negative
  • None.

NORTH CHARLESTON, S.C., Dec. 13, 2022 /PRNewswire/ -- Boeing [NYSE:BA] and United Airlines [NASDAQ:UAL] today announced the carrier is investing in its future fleet with an order for 100 787 airplanes, with the option to purchase 100 more. The deal is the largest 787 Dreamliner order in Boeing history. United is also purchasing 100 737 MAX jets, exercising 44 existing options and placing 56 new orders.

"United emerged from the pandemic as the world's leading global airline and the flag carrier of the United States," said United CEO Scott Kirby. "This order further solidifies our lead and creates new opportunities for our customers, employees and shareholders by accelerating our plan to connect more people to more places around the globe and deliver the best experience in the sky."

The airline's current orders for Boeing jets have surpassed 530, including more than 430 737 MAX airplanes.

"With this investment in its future fleet, the 737 MAX and 787 will help United accelerate its fleet modernization and global growth strategy," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "The Boeing team is honored by United's trust in our family of airplanes to connect people and transport cargo around the world for decades to come."

The 787 Dreamliner provides United with unparalleled efficiency and flexibility across its extensive network of domestic and international flights. The 787 also offers an impressive 25% improvement in fuel use compared with the airplanes it replaces, depending on the configuration.

The 737 MAX family is designed to offer enhanced reliability and improved fuel efficiency in the single-aisle market. The 737 MAX reduces fuel use and CO2 emissions by 20% compared to the airplanes it replaces, depending on the configuration.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact        
Adam Mertz
International Sales Communications
Boeing Commercial Airplanes
+1 206-240-1786
adam.j.mertz@boeing.com

Jessica Kowal
Boeing Media Relations
+1 206-660-6849
jessica.m.kowal@boeing.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/boeing-united-airlines-finalize-737-max-and-787-order-including-record-purchase-for-100-dreamliners-301701299.html

SOURCE Boeing

FAQ

What is the significance of the recent Boeing and United Airlines order on December 13, 2022?

The order for 100 787 Dreamliners is the largest in Boeing's history, enhancing United Airlines' fleet modernization and operational efficiency.

How many 737 MAX jets did United Airlines order on December 13, 2022?

United Airlines ordered 100 737 MAX jets, including the exercise of 44 existing options and placing 56 new orders.

What improvements do the 787 Dreamliner and 737 MAX offer for United Airlines?

The 787 Dreamliner offers a 25% fuel efficiency improvement, while the 737 MAX reduces fuel use and CO2 emissions by 20%.

How will the new airplane orders impact Boeing's stock performance?

The substantial orders from United Airlines could positively influence Boeing's stock by increasing sales and market confidence.

Boeing Company

NYSE:BA

BA Rankings

BA Latest News

BA Stock Data

85.57B
616.17M
0.11%
56.11%
2.33%
Aerospace & Defense
Aircraft
Link
United States of America
ARLINGTON