Streetbeat News

TAWNF

Thai Airways International Public Co Ltd

http://www.thaiairways.com

Industry

Scheduled Passenger Air Transportation

Open

0.01

Mkt cap

208M

Volume

120K

High

0.01

P/E Ratio

0.05

52-wk high

0.04

Low

0.01

Div yield

N/A

52-wk low

0.00

Thai Airways International Pcl has chosen General Electric Co. over Rolls-Royce Holdings Plc for its next-generation widebody engines in a deal involving 45 Boeing Co. aircraft. This decision, influenced by previous criticisms of Rolls-Royce's pricing, marks a significant shift for Thai Airways and represents a notable loss for Rolls-Royce, which has been aiming to improve profitability. The engines will power Boeing aircraft to be added to Thai Airways' fleet from 2027 to 2033, a move that does not impact the airline's debt rehabilitation plans. This order is crucial for GE, especially ahead of its GE Aerospace and GE Vernova Spin-Off, and provides a boost to Boeing amidst its recent challenges.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 1:49 pm

Boeing Company (NYSE: BA) is close to finalizing a deal with Thai Airways International Public Co. (OTC:TAWNF) for up to 80 of its 787 Dreamliners. The deal, which includes firm orders, options, and purchase rights, is expected to be announced soon. This development comes after Boeing's recent $52 billion deal with Emirates. Airbus SE (OTC:EADSF) (OTC:EADSY) lost out on this opportunity due to pricing issues with Rolls Royce Holdings Plc (OTC:RLLCF), the exclusive engine supplier for Airbus's A350. The pricing deadlock has led to public criticism from customers like Emirates and Thai Airways. Boeing's shares were trading slightly lower in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 2:22 pm

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