Boeing Company BA shares are trading slightly lower on Tuesday amid overall market weakness despite a flurry of new orders and press releases from the company.
The Details:
On Tuesday, Boeing BA and Air India announced they have finalized an order for up to 290 new Boeing jets and expanded services. The order represents Boeing's largest order in South Asia and highlights its 90-year partnership with Air India.
Also on Tuesday, Avolon, the international aircraft leasing company, announced an order for 40 737 MAX airplanes at the Paris Air Show. Also at the Paris Air Show, Boeing today launched SAF Dashboard, a tool that tracks expected sustainable aviation fuel (SAF) capacity over the next decade.
Boeing also announced that the company has received an order for eight 787-9 as well as China Airlines becoming Boeing's newest 787-10 customer.
Related News: Why VCI Global Shares Are Rocketing Higher Tuesday
BA Price Action: According to Benzinga Pro, Boeing shares are trading down by 3% at $213.23 at the time of publication.
Image: Courtesy of Boeing Company
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