Cathay Pacific Set To Place $2B Order For Boeing 777-8F Freighter: Report
Portfolio Pulse from Akanksha Bakshi
Cathay Pacific Airways is reportedly close to placing a $2 billion order for Boeing 777-8F freighters as part of its fleet renewal plan. The airline was considering the Boeing 777X jet family against Airbus' forthcoming A350 cargo model.
May 30, 2023 | 12:46 pm
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NEGATIVE IMPACT
Airbus may lose out on a potential order from Cathay Pacific, as the airline is reportedly close to choosing Boeing 777-8F freighters for its fleet renewal.
The news of Cathay Pacific's potential $2 billion order for Boeing 777-8F freighters indicates that Airbus may lose out on this opportunity. This could have a negative impact on Airbus' stock price, as investors may view it as a lost business opportunity.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Cathay Pacific is reportedly close to placing a $2 billion order for Boeing 777-8F freighters, which could impact its stock price.
The news of Cathay Pacific's potential $2 billion order for Boeing 777-8F freighters is directly related to the company's operations. However, the impact on its stock price is uncertain, as the fleet renewal could be seen as a positive investment in the company's future or as a significant expense.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Boeing is likely to receive a $2 billion order from Cathay Pacific for 777-8F freighters, potentially boosting its stock price.
The news of Cathay Pacific's potential $2 billion order for Boeing 777-8F freighters is directly related to Boeing's business and could positively impact its stock price. The order would represent a significant win for Boeing over Airbus, and investors may react positively to this development.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100