El Al To Purchase Approximately 30 Boeing 737 MAX Aircraft In $2B-$2.5B Deal, Deliveries Starting In 2027
Portfolio Pulse from Benzinga Newsdesk
El Al has announced a deal to purchase approximately 30 Boeing 737 MAX aircraft, valued between $2 billion and $2.5 billion, with deliveries starting in 2027.
June 10, 2024 | 4:25 pm
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POSITIVE IMPACT
Boeing has secured a significant order from El Al for approximately 30 Boeing 737 MAX aircraft, valued between $2 billion and $2.5 billion, with deliveries starting in 2027.
The deal represents a substantial order for Boeing, which is likely to positively impact its stock price in the short term due to the significant revenue and future cash flow from the deal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
El Al's purchase of approximately 30 Boeing 737 MAX aircraft, valued between $2 billion and $2.5 billion, could impact the iShares MSCI Israel ETF (EIS) as El Al is a significant Israeli company.
El Al is a significant company in Israel, and its major purchase could positively influence the iShares MSCI Israel ETF (EIS) due to the potential growth and expansion of El Al.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50