Japan Airlines Embarks On Fleet Overhaul with New Boeing And Airbus Purchases
Portfolio Pulse from Shivani Kumaresan
Japan Airlines Co Ltd (OTC:JPNRF) announced plans to purchase 42 new aircraft from Boeing Company (NYSE:BA) and Airbus SE (OTC:EADSY) for fleet renewal, focusing on growth in North America, Asia, and India. The order includes 21 Airbus A350-900, 11 A321neo, and 10 Boeing 787-9 aircraft, with deliveries starting in fiscal 2027. This move aims to expand JAL's full-service and low-cost carriers by about 1.4 times by 2030.
March 21, 2024 | 11:30 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Boeing Company receives a significant order from Japan Airlines for 10 Boeing 787-9 aircraft as part of JAL's fleet renewal plan.
The order from Japan Airlines represents a substantial commitment to Boeing's 787-9 aircraft, likely to positively impact Boeing's stock in the short term due to the increased business and confidence in Boeing's products.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Airbus SE secures an order from Japan Airlines for 21 Airbus A350-900 and 11 A321neo aircraft, indicating a strong demand for Airbus's offerings.
The substantial order from Japan Airlines for Airbus aircraft underscores strong market demand for Airbus's A350-900 and A321neo models. This is likely to have a positive short-term impact on Airbus SE's stock, reflecting confidence in Airbus's product lineup.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Japan Airlines announces a fleet renewal plan with the purchase of 42 aircraft from Boeing and Airbus, aiming for expansion by 2030.
Japan Airlines' announcement of a major fleet renewal and expansion plan with the purchase of aircraft from Boeing and Airbus indicates a strategic move to strengthen its market position and operational capacity. This is likely to have a positive short-term impact on JPNRF's stock as it reflects the company's growth ambitions and commitment to modernizing its fleet.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100