U.S. Markets close in 4 hrs 12 mins

Turkish Airlines to place orders for 40 Boeing 787-9 Dreamliners

FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/File Photo

(Reuters) - Boeing Co said on Thursday that Turkish Airlines intends to buy 40 787-9 Dreamliners, indicating demand for long-haul aircraft amid declining orders for many wide-body models.

The agreement, valued at $10.8 billion at Boeing list prices, comes at a time when Turkish Airlines is looking to strengthen fleet capacity to meet demand for the wide-body airliners.

Earlier this month Boeing said it would raise production of 787 Dreamliner jets to 14 a month in 2019, reviving plans previously on hold due to a wobble in demand for wide-body jets.

(Reporting by Rachit Vats in Bengaluru; Editing by Sandra Maler)