Will Boeing’s New Aircraft Blow by the Competition?

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Boeing 787 Planes

Boeing (NYSE:BA) launched the newest version of its Dreamliner aircraft at the Paris Airshow after securing 102 provisional orders worth $30 billion, applying the plane’s list price of $290 million.

“The 787-10 is 25 percent more efficient than airplanes of its size today and more than 10 percent better than anything being offered by the competition for the future,” said Boeing Commercial Airplanes Chief Executive Ray Conner in a statement.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

The news came shortly after Boeing’s rival, Airbus, notched an $11.5 billion order from United Kingdom airline easyJet for 135 models of its A320neos, comprised of 35 current generation planes and 100 next generation models.

The 102 provisional orders come from the following: 30 for Air Lease Corporation (NYSE:AL), 10 for GE Capital Aviation Services (NYSE:GE), 12 for International Consolidated Airlines Group (OTC:ICAGY), 30 for Singapore Airlines, and 20 for United Airlines (NYSE:UAL).

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business