United Airlines Close To Finalizing Triple-Digit Order For Widebody Jets

  • United Airlines Holdings Inc UAL is likely closing in on order for more than 100 widebody jets as it considers offers for Boeing Co’s BA 787 Dreamliner and Airbus SE’s EADSY A350.
  • When finalized, the deal would be one of the largest ever purchases made for long-range aircraft.
  • United CEO Scott Kirby recently told pilots in a training session about the triple-digit order, Bloomberg reported.
  • The deal confirmation may happen in December.
  • Also Read: United Airlines To Suspend Service At JFK Airport In October
  • The order could boost Boeing and Airbus as demand for twin-aisle jets suffered a severe blow during the COVID-19 pandemic.
  • United currently has 128 twin-aisle Boeing jets, which are at least 20 years old, an age that demands heavy maintenance costs.
  • Price Action: UAL shares closed higher by 3.42% at $35.40 on Thursday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!