Boeing To Ink A Landmark Deal As Thai Airways Reportedly Favors 787 Dreamliner Over Airbus - Is Airbus' Loss Boeing's Gain?

Zinger Key Points
  • Boeing close to securing up to 80 Dreamliner sales to Thai Airways, outpacing Airbus.
  • Airbus loses key deals amid Rolls Royce pricing issues, faces criticism from major airlines.

Boeing Company (NYSE: BA) is reportedly poised to secure an exclusive widebody jet deal with Thai Airways International Public Co. TAWNF, gaining an edge over Airbus SE EADSF EADSY, whose offer was hindered by a deadlock with a crucial partner.

Boeing is nearing a deal to sell up to 80 of its 787 Dreamliners, a combination of firm orders, options, and purchase rights, with an announcement expected within weeks, Bloomberg reported, citing sources familiar with the discussions. 

Also SeeCathay Pacific Embarks On Billion-Dollar Airbus Deal For Freighters

This deal would further boost the U.S. planemaker's sales momentum, following a significant $52 billion commitment secured from Emirates in Dubai last month.

The potential loss of another substantial deal for its A350 jetliner highlights the commercial impact of Airbus's escalating tensions with Rolls Royce Holdings Plc RLLCF, the exclusive engine supplier for this flagship widebody aircraft. 

Airbus has experienced a shift in several prominent contracts to its U.S. rival, Boeing, following Rolls-Royce's firm stance on pricing. This situation has led to uncommon public criticisms from key customers such as Emirates and Thai Airways.

Read Next: Apple's Big Bet On India - Reportedly Set To Craft 25% Of Global iPhones In The South Asian Nation Within 3 Years

Price Action: BA shares are trading lower by 0.39% to $236.41 premarket on the last check Friday. 

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Via Company

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsPenny StocksMarketsMediaGeneralAI GeneratedBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!