🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

United Airlines nears order for over 100 widebody jets - Bloomberg News

Published 10/13/2022, 06:22 PM
Updated 10/13/2022, 07:31 PM
© Reuters. FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo
BA
-
EADSY
-

(Reuters) -United Airlines is nearing an order for more than 100 widebody jets and is evaluating offers for Boeing (NYSE:BA) Co's 787 Dreamliner and Airbus SE (OTC:EADSY)'s A350, Bloomberg News reported on Thursday, citing people briefed on the matter.

A deal could be announced by December although a timeline has not been finalized, according to the report, which added that United Airlines has been in discussions with the planemakers for months.

United Airlines and Boeing declined to comment, while Airbus did not immediately respond to a Reuters request for comment.

News of the potential multi-billion dollar order comes at a time when international and business travel is recovering, though it will take some more time to reach pre-pandemic levels.

Demand for widebody jets is also returning after years of a market glut, a boost especially for Boeing, which is in the midst of a recovery from successive crises.

The planemaker handed over its first Dreamliner jet in August after deliveries were halted for more than a year.

United Airlines Chief Executive Scott Kirby (NYSE:KEX) told pilots attending a Denver training session that the carrier is planning a "triple-digit" order to upgrade its fleet, Bloomberg News reported.

The airline last year unveiled a large narrowbody order for Boeing and Airbus jets. The carrier had over 800 jets in its mainline fleet, with a majority of the aircraft from Boeing, according to its latest annual filing.

© Reuters. FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo

Industry publication Airline Weekly reported in August that United Airlines was in the market for new Airbus or Boeing widebody aircraft to add to its fleet of twin-aisle planes.

Shares of United Airlines were down marginally in trading after the bell, while Boeing rose slightly to trade at $133.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.