Boeing And Avolon Announced Intent To Purchase 40 More 737-8 Airplanes To Expand Avolon 737 Max Portfolio; Consists Of 737-8 And 737-10 Variants; Avolon Also Ordered 40 737-8s In June
Portfolio Pulse from Benzinga Newsdesk
Boeing (BA) and Avolon have announced their intention for Avolon to purchase an additional 40 737-8 airplanes, expanding their 737 MAX portfolio. This order includes both 737-8 and 737-10 variants. The deal is contingent on approval from Bohai Leasing Co, Ltd, Avolon's main shareholder. The order will be added to Boeing's Orders and Deliveries website once finalized.
December 12, 2023 | 1:24 pm
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Boeing is expected to see a positive impact from Avolon's intent to purchase 40 more 737-8 airplanes, which will expand their 737 MAX portfolio. The deal is subject to approval by Avolon's main shareholder.
The announcement of a potential purchase of 40 737-8 airplanes by Avolon is likely to be viewed positively by investors, as it suggests continued demand for Boeing's 737 MAX series. The deal's finalization is dependent on shareholder approval, which introduces some uncertainty. However, if approved, this could lead to an increase in Boeing's backlog and potentially its stock price in the short term.
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