Boeing Books Multiple Orders For Freighters; Inks MoU With Titanium Supplier

Boeing Co BA received an order for two 777 Freighters from Emirates at the 2021 Dubai Airshow, valued at more than $704 million at list prices.
The freighters will be operated by Emirates SkyCargo, which currently operates an all-Boeing fleet of 10 777 Freighters and carries cargo on Emirates' 134 777 passenger airplanes.
Separately, DHL Express placed a firm order for nine more 767-300 Boeing Converted Freighters (BCF). DHL has taken delivery of seven of a batch of eight 767-300BCF leased to DHL partner airlines in the Middle East and Latin America.
The 767-300BCF has more than 100 orders and commitments to date.
Also, Boeing recently announced plans to add three conversion lines for 737-800BCF across North America and Europe. The company also signed a firm order with Icelease for eleven freighters as the launch customer for one of the new conversion lines.
Next year, Boeing plans to open one conversion line at Boeing's London Gatwick Maintenance, Repair & Overhaul (MRO) facility and two conversion lines in 2023 at KF Aerospace MRO in Kelowna, British Columbia, Canada.
Boeing forecasts 1,720 freighter conversions will be needed over the next 20 years to meet demand.
Boeing signed a Memorandum of Understanding (MOU) affirming that Russian titanium producer VSMPO-AVISMA will remain the largest titanium supplier for current and future Boeing commercial airplanes.
Titanium parts from VSMPO-AVISMA are used on Boeing 737, 767, 787, 777, and 777X airplanes.
Price Action: BA shares are trading higher by 2.55% at $226.6 during the premarket session on Monday.

Market News and Data brought to you by Benzinga APIs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments