Boeing Receives Order For Four 777 Freighters From Turkish Airlines

Boeing BA stock is trending on Tuesday. The company received an order of four 777 Freighters from Turkish Airlines, bringing the airlines total to 12.

What To Know: According to Boeing, the 777 Freighter is its best selling freighter airplane with more than 265 deliveries.

“The addition of these Boeing 777 Freighters will not only enhance our operational capabilities, but also serve as another step in our strategic vision to reach the top of air cargo sector worldwide while maintaining our leading position with our unparalleled service and efficiency for our customers across the globe,” said Turkish Airlines chief cargo officer Ali Türk.

Turkish Airlines fleet also contains Boeing’s 777-300 Extended Range, 787 Dreamliner, the Next-Generation 737 and the 737 MAX. In a note from the Bank of America, the bank commented that 737 deliveries improved in June, however, 787 deliveries slowed when measured against first quarter deliveries.

Specifically, Boeing delivered two 787s and 29-30 737s. Deliveries for the 737s is an improvement from the month prior where the company delivered 19 737s. Boeing’s 787 deliveries for the second quarter totaled to eight compared to the first quarter where the company delivered 13.

The bank noted that June deliveries for the 737 may have increased due to an end of quarter push. Bank of America also believes that the recently announced acquisition of Spirit AeroSystems SPR will play a huge role in the production of both planes.

Related Link: Why Are Spirit Shares Trading Higher Monday?

BA Price Action: At the time of writing, Boeing stock is down 0.77% at $185.27, according to data from Benzinga Pro.

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