737 Max's Desert Dance: Boeing Eyes Major Deal with Saudi Start-Up Riyadh Air
Portfolio Pulse from Lekha Gupta
Boeing is working on a deal to sell 150 of its 737 Max jetliners to Saudi Arabian startup airline Riyadh Air, owned by Saudi Arabia's Public Investment Fund (PIF). The order may be valued at around $8 billion. Airbus may also claim a part of this order.
May 30, 2023 | 1:22 pm
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Boeing is working on a deal to sell 150 737 Max jetliners to Riyadh Air, potentially worth $8 billion, which could positively impact its stock price.
The potential deal with Riyadh Air for 150 737 Max jetliners, valued at around $8 billion, would be a significant boost for Boeing's sales and revenue. This could lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Airbus may also claim a part of the Riyadh Air order, which could have a positive impact on its stock price.
As Airbus may also claim a part of the Riyadh Air order, it could lead to increased sales and revenue for the company. This could result in a positive impact on the stock price in the short term, although the extent of the impact would depend on the size of the order Airbus secures.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50