12/13/2022, 1:06 PM (Source: TeleTrader)
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United Airlines to buy up to 200 Boeing jets worth $30B

United Airlines Holding Inc. announced Tuesday that it will order 100 Boeing Co.'s 787 Dreamliners, with the possibility of extending to 100 more.

The "historic" agreement is set to be worth $30 billion in authorized orders before discounts, while deliveries of the order are set to start in 2024. The group of new planes will replace older Boeing 767 and 777 jets. Shares of Boeing rose 2.46% at 6:57 am to sell for $190.70 in premarket hours after the deal was announced.

"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."

Baha Breaking News (BBN) / JG