While sales of commercial airliners have been under pressure in 2016, Boeing actually had a good week when it comes to wide body orders.
A good week for Boeing
The US jet maker booked 52 wide body orders this week, which is good news since oil prices have had a negative impact on order inflow so far.
Qatar Airways finalized a much awaited order for 10 777–300ER aircraft and 30 787–9 aircraft and when full exercised can have a market value of $9B as reported by AeroAnalysis on SeekingAlpha.
The second wide body order came from China Southern Airlines, which ordered 12 787–9 Dreamliners. The deal is worth approximately $1.7B after discounts.
According to Dominic Gates from The Seattle times the deals from Qatar Airways and China Southern mark the best month for the Dreamliner in 3 years.
While being good news, the jet maker still is far off from its rumored sales target of 88 Dreamliners, 44 Boeing 777 Classics and 44 for the 777X aircraft. The orders bring Boeing’s net orders for the year to 432.
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AeroAnalysis was founded in June 2015 and commenced operation in July 2015. In 2013 AeroAnalysis started publishing its work on investing research platform SeekingAlpha, primarily covering the aerospace industry from a unique angle, combining knowledge about investing and aerospace products into unique write-ups that spark healthy discussions and give meaningful insight to investors.