ADVFN - Advanced Financial Network.
HOME» NYSE » B » BA Stock Price » BA Stock News

Boeing Share News

 Boeing Co. (the) Stock Price
BA Stock Price
 Boeing Co. (the) Stock Chart
BA Stock Chart
 Boeing Co. (the) Stock News
BA Stock News
 Boeing Co. (the) Company Information
BA Company Information
 Boeing Co. (the) Stock Trades
BA Stock Trades

Mexican Airline Aeromexico Orders $11 Billion in Boeing Planes

--Order consists of 90 737 Max aircraft and 10 787-9 Dreamliners --Boeing order on top of acquisitions disclosed in 2011 --Aeromexico has benefited from bankruptcy of main domestic rival By Amy Guthrie MEXICO CITY--Mexico's biggest airline operator, Grupo Aeromexico SAB (AEROMEX.MX), said Wednesday it has signed a letter of intent to acquire 100 new planes from Boeing Co. (BA) in a deal valued at $11 billion. The order consists of 90 Boeing 737 Max aircraft and 10 Boeing 787-9 Dreamliners in what Aeromexico said represents the biggest fleet investment in the history of Mexican aviation. Aeromexico also said it will be the first airline in Latin America to operate the equipment. The airline expects the 787-9 Dreamliners to arrive in the summer of 2013, while the 737 Max planes should begin to arrive in 2018. The order is in addition to nine Dreamliners that Aeromexico had already anticipated purchasing and in addition to the acquisition of 10 Boeing 737-8 NGs and 10 Embraer SA (ERJ) 190s disclosed in 2011. The planes are expected to enable Aeromexico to fly greater distances, while also reducing its maintenance costs. "This equipment represents a jump in Aeromexico's fleet technology, and will give us one of the youngest and most efficient fleets in the world, significantly reducing the impact on the environment in addition to consolidating the group's fleet into just two types of cabins," Aeromexico Chief Executive Andres Conesa said. Aeromexico has benefited significantly from increased passenger traffic since the 2010 bankruptcy of its chief domestic rival, flagship Mexican airline Mexicana. Last year, Aeromexico transported 14 million passengers. The company operates about 600 routes to 45 domestic and 32 international destinations. Atlanta-based Delta Air Lines Inc. (DAL) owns 3.5% of Aeromexico, and the two airlines are members of the SkyTeam global marketing alliance. Write to Amy Guthrie at amy.guthrie@dowjones.com. Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Boeing (BA)
DateTimeHeadline
10/21/201419:41:18Airbus 'Actively Discussing' New A321neo With Airlines -Reuters
10/21/201417:28:09Analysts Eye Boeing's Dreamliner Costs
10/21/201417:27:10Boeing Earnings Preview
10/19/201405:47:20MARKET SNAPSHOT: More Than 1/3 of Dow Stocks To Report This Week
10/15/201409:00:09Airbus Bags Single Biggest Jet Order
10/08/201405:41:21Singapore Investigates Sheep Deaths on Plane
10/07/201410:00:04U.S. Hot Stocks: Hot Stocks to Watch
10/07/201409:48:57Correction to Polaris Off-Road Military Vehicles Story
10/07/201407:24:01Boeing Expects Its Air Freight Traffic to Double by 2033
10/01/201410:15:35AirAsia in Talks on Route to Dubai
09/30/201407:02:36Airbus Gains A350-900 Jet Safety Approval
09/25/201410:58:31U.S. Stocks Drop as Investors Consider Mixed Data
09/25/201407:50:11Boeing 787 Battery Troubles Still Unidentified
09/22/201407:30:21Airbus To Begin Flight Trials of New A320neo Engine Options
09/18/201400:20:31Boeing Sees Rising Demand for Pilots, Technicians in Asia Pacific
09/11/201412:05:13ThalesAleniaSpace Replacing U.S. Components on Russia-Bound Satellite
09/09/201421:30:18MH17 Broke Apart Midair
09/09/201410:26:48Malaysia Airlines Flight 17 Hit by High-Energy Objects, Report...
09/09/201407:08:12Malaysia Airlines Flight 17 Hit by High-Energy Objects, Report...
09/09/201405:30:06MH17 Hit by High Energy Objects, Says Dutch Report

Boeing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad