Boeing Wins Order From Air Canada For 18 Widebody Jets

Boeing Co BA won an order of 18 787-10 widebody jets from Air Canada, with the option to purchase 12 more. The financial terms were not disclosed.

Air Canada aims to deploy new fuel-efficient airplanes to reduce carbon emissions and improve efficiency. The 787 reduces fuel use and improves efficiency by up to 25% compared to previous generation jets.

"Air Canada has made investing in the passenger experience a core priority. Our experience shows customers greatly enjoy flying on the Dreamliner, so we are pleased to offer them a larger version of this popular aircraft, which will premiere a new, state-of-the-art interior cabin design. As importantly, the 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions," said Michael Rousseau, president and CEO of Air Canada.

Last week, Boeing anticipated that China will require 8,560 new commercial airplanes through 2042.

Also earlier, the company received an order for 25 737 MAX jets from airplane lessor SMBC Aviation Capital.

Also Read: Boeing's August Performance Triggers Analyst To Lower Estimates, But Long-Term Confidence Persists

Price Action: BA shares are trading lower by 0.07% at $197.57 on the last check Monday.