BA - The Boeing Company
374.88 0.00 (0.00%)
After hours: 4:27PM EDT
| Previous Close | 368.56 |
| Open | 373.00 |
| Bid | 374.88 x 1000 |
| Ask | 375.05 x 1000 |
| Day's Range | 368.96 - 375.79 |
| 52 Week Range | 292.47 - 446.01 |
| Volume | 3,315,138 |
| Avg. Volume | 5,549,985 |
| Market Cap | 210.919B |
| Beta (3Y Monthly) | 1.41 |
| PE Ratio (TTM) | 21.46 |
| EPS (TTM) | 17.47 |
| Earnings Date | Jul 23, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | 8.22 (2.23%) |
| Ex-Dividend Date | 2019-05-09 |
| 1y Target Est | 421.05 |
- Yahoo Finance Video•3 hours ago
New podcast touches on investigative reporting behind big businesses
'Making a Killing' is the name of a new podcast created that covers reports on big businesses around the world. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the creator and Vanity Fair contributing editor, Bethany McLean.
- Zacks•44 minutes ago
3 Aerospace Growth Stocks to Consider
The aerospace industry is on the brink of having the biggest merger in sector history.
- Investor's Business Daily•1 hour ago
This Surprise Winner At Paris Air Show Tops Airbus, Boeing
GE Aviation and and its CFM joint venture won a record $55 billion in new orders and commitments at the Paris Air Show, topping Boeing and Airbus. GE rose, along with Boeing and Airbus.
- American City Business Journals•1 hour ago
Spirit in the running for more work with Mitsubishi
The newly rebranded Mitsubishi SpaceJet M100 could become an even larger part of Spirit's portfolio.
- American City Business Journals•2 hours ago
Analysts more bullish on Boeing and aerospace after Paris Air Show
A major vote of confidence in Boeing Co.'s 737 MAX and a new Airbus model signal potential tailwinds for the global aerospace industry.
- Reuters•3 hours ago
Airbus demands chance to bid for IAG's surprise Boeing 737 MAX order
Airbus called on Thursday for a chance to compete for a blockbuster plane order by British Airways owner IAG, which stunned industry executives at this week's Paris Airshow by ordering 200 of Boeing's grounded 737 MAX. Airbus announced a new version of its best-selling A321 with close to 240 orders and commitments in Paris, only to see its grip on IAG's European short-haul networks damaged by the Boeing deal which analysts said shores up the embattled 737 MAX. Boeing's top-selling aircraft has been taken out of service worldwide since an Ethiopian Airlines 737 MAX crashed in March, five months after a Lion Air 737 MAX plunged into the sea off Indonesia.
- American City Business Journals•3 hours ago
Boeing’s space headquarters move not likely to shrink its Arlington footprint
Don’t expect The Boeing Co.’s plan to relocate its space and launch division to Titusville, Florida, to mean that the aviation giant will be vacating big swaths of office space at its Crystal City campus. Boeing President, CEO and Chairman Dennis Muilenburg detailed the company’s move to the Space Coast region Wednesday in a keynote at the JFK Space Summit at the JFK Library in Boston, calling it a major transition for the business as it continues to ramp up space projects like its role as the prime contractor on NASA’s Space Launch System program. But while Boeing is making a bigger presence in the Florida space community, it won’t translate into a major drain of personnel here. A Boeing spokesman told me that while the company is not releasing specifics, “only a small number of executives” would be making the move to Florida.
- Bloomberg•4 hours ago
GE’s Crown Jewel Shines, Confuses in Paris
(Bloomberg Opinion) -- Aviation has long been considered General Electric Co.’s crown jewel, but with the company’s free cash flow turning negative this year, “crown jewel” is a relative term and the business is coming under increasing scrutiny. Some of it is deserved; some isn’t.GE Aviation CEO David Joyce seemed to be on a mission at this year’s Paris Air Show to prove his division’s worth. He arrived armed with more financial detail than GE had ever previously provided for the business, came out swinging against suggestions he was sacrificing price to score revenue wins, and announced some notable orders. And yet questions remain about what the business’s true financial profile would be if it was reconstituted as a stand-alone company and cut off from the tax and working-capital benefits that have historically come with being part of the mother ship. That matters, because many investors continue to value GE based on the sum of its parts, the argument being that the aviation unit alone can offset trouble spots in GE’s power, renewables and long-term care insurance operations and support a higher valuation for the stock.First, the positives: GE Aviation and its CFM International engine joint venture with Safran SA booked $55 billion in orders for engines and services at the Air Show, exceeding the $35 billion target Joyce laid out at a media briefing at the start of this week.(2) Like most order tallies from the event, not all of that is technically new business. The number includes an order from AirAsia that had initially been announced in 2016 and entails 200 of GE’s LEAP engines. The purchase was finalized at this year’s event and AirAsia also expanded a servicing agreement, bringing the total value of the deal to $23.1 billion before customary discounts. But there was also a significant new win: Indian budget carrier IndiGo agreed to a $20 billion order for Leap engines, spares and overhaul support.The deal is a blow to United Technologies Corp.’s Pratt & Whitney arm, which had been the sole provider of engines for IndiGo’s Airbus SE A320neo jets. As with Boeing Co.’s face-saving win of an order for its embattled 737 Max jet, some analysts have wondered what GE had to give up in order to convince IndiGo to abandon Pratt. They were encouraged in this thinking by comments from Pratt President Bob Leduc, who said “GE was willing to be more aggressive than we were” on pricing. That may just be Leduc talking his book, though.(4) Unlike in the depressed gas turbine market, where every revenue win likely comes at a cost to GE’s margins, GE shouldn’t need to sacrifice profit to chase market share in aviation – both in general and in the case of this particular deal. Pratt’s GTF engine has had a series of glitches that ultimately proved fixable and relatively minor, but as one of the largest buyers, IndiGo has borne the brunt of the fallout, including in-flight engine shutdowns and grounded planes. Earlier this year, India mandated weekly inspections of certain engine parts and restricted some operations for Airbus planes powered by the GTF. GE has engine headaches of its own. Boeing’s CFO Greg Smith put GE on the hot seat earlier this month, saying its GE9X engine was holding up the aerospace giant’s new 777X plane. At a media briefing this week, Joyce said GE discovered a part of the engine was showing more wear than anticipated and because of the extensive testing required to prove it had fixed the issue, the 777X’s first flight likely won’t happen until the fall. Investors are understandably jittery over any product setbacks after the uncovering of durability issues with GE’s flagship H-class gas turbine. But given the GTF’s history of bugs, I find it hard to fault GE for making tweaks to its engine. In the wake of the voluminous criticism directed at Boeing and the FAA for not realizing the potential impact of a software system linked to the Max’s two fatal crashes, rigorous testing – before the planes start flying – would seem to be in everyone’s best interest.GE has argued it has a technology advantage that will continue to give it an edge even as United Technologies increases its R&D budget through a blockbuster merger with defense contractor Raytheon Co. That remains to be seen, and I don’t think GE’s order wins at the Air Show tilt the scale one way or another. A smart R&D budget is worth more than a big one, but United Technologies will have a lot of money to work with and that will make it difficult for GE and others to stand pat. GE Aviation’s ability to respond to that competition ultimately boils down to how much cash flow it generates – and that’s where confusion continues to reign supreme. At Tuesday’s analyst event, Joyce laid out the various inputs behind the unit’s reported $4.2 billion in free cash flow last year. It was a sign the company is taking investors’ demands for more transparency seriously, although it remains disappointing that these disclosures come in fits and starts. There were some positive takeaways: Citigroup Inc. analyst Andrew Kaplowitz noted the improvement in inventory turns in 2018 even as GE ramped up production of the Leap. But one sticking point was the allocation of corporate costs including pension, interest and taxes, with JPMorgan Chase & Co. analyst Steve Tusa and Gordon Haskett’s John Inch debating whether the unit was carrying its fair share.On the subject of taxes, GE didn't do itself any favors as far as illuminating what's really happening in the aviation unit. The presentation included a line that indicated taxes and other operating expenses deducted $100 million from the aviation unit’s cash flow, which seems quite low on the face of it. But the aviation unit actually pays more than that in taxes. And GE isn't hiding that burden from its calculation of the free cash flow. You just have to know where to look for it.The starting point for GE’s explanation of how it calculated the aviation unit’s free cash flow – $5.8 billion in net earnings after adjusting for depreciation and amortization – had already been adjusted for taxes accrued, based on its operations, according to a company representative. GE confirmed the aviation unit pays a tax rate in the low 20% range that CFO Jamie Miller has guided to for the entire company. The $100 million number for taxes and other operating expenses in the Air Show presentation is something different. That is the difference between taxes paid and accruals in 2018. Are you still with me?The fact that this is all so confusing underscores one of the issues I’ve had with GE’s efforts to be more transparent. Disclosures come in fitfully and often leave people with only more questions. I don’t think GE always does this on purpose; it’s partly a reflection of the fact that this remains an incredibly complex company and any given number is going to require a half-hour explanation. But you can’t have it both ways. Is GE Aviation a crown jewel? Yes. Is GE very good at explaining that? It could use some work in that department. (1) The total doesn't include engines for the 200 737 Max jets that British Airways owner IAG SA ordered at the Air Show. CFM is the sole engine provider for that plane.The list price for those engines is $5.8 billion.(2) The flip side of Leduc's comments was Rolls-Royce Holdings Plc CEO Warren East's description of GE as a "very savvy commercial operator."To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters•5 hours ago
UPDATE 3-U.S. Senate rejects Saudi arms sales in rebuke to Trump
The U.S. Senate on Thursday voted to block the sale of billions of dollars in military sales to Saudi Arabia, the United Arab Emirates and other countries, rejecting President Donald Trump's decision to sidestep Congress' review of such deals by declaring an emergency over Iran. Trump has promised to veto the Senate action in order to proceed with the deals, worth some $8.1 billion. Senators would need 67 votes to override his veto, which looked unlikely after Thursday's votes.
- Investor's Business Daily•5 hours ago
Paris Air Show Round Up: Big Boeing 737 Max Win; Airbus Orders Solid
The industry portion of the 2019 Paris Air Show is winding down, but after a slow start Boeing and Airbus racked in orders roughly in line with prior show averages.
- Barrons.com•5 hours ago
Airbus Outsold Boeing at Paris Show. Here’s Why Investors Are the Real Winners.
(AIR) seems to have gotten the upper hand over (BA) at the biennial air show in Paris, yet a closer look at the playing field shows aerospace investors are the true winners. Aerospace analyst Rob Stallard from Vertical Research Partners points out that Airbus (ticker: FR:AIR) secured 320 new orders while Boeing (BA) took in 270. William Blair analyst Nicholas Heymann declared Airbus and (GE) (GE) the dual victors. But none of that means Boeing is in trouble.
- Investor's Business Daily•5 hours ago
Stock Gains Fade; Trump Calls Iran Attack 'A Very Big Mistake'
Recent stock breakouts on U.S. exchanges were faring well, and more breakouts were added Thursday morning.
- InvestorPlace•6 hours ago
3 Pros, 3 Cons for Buying General Electric Stock Right Now
Currently, long-embattled industrial giant General Electric (NYSE:GE) is an enigma. Indeed, I'd say it's a perfect enigma. Since this January's opening price, GE stock has performed admirably, gaining over 44%. That's a very solid return, especially considering the horrific losses the company has endured over the past few years.Source: Shutterstock On the other hand, General Electric stock really hasn't moved much since early February. For instance, on the Feb. 5 session, shares closed at $10.21. At the time of writing, GE finished a mildly disappointing midweek session at $10.34. To save you the calculating time, that's a pedestrian gain of 1.3%.Naturally, investors seek clues as to where GE stock will go next. Bullish speculators have a compelling case that the worst is behind the company. Management has secured substantive deals that make shares attractive, especially at this price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Value Stocks to Buy for the Second Half But the bears also have their counterpoints; namely, that General Electric stock has much to prove. After significant divestments designed to keep the organization afloat, GE has succeeded. But without some of its previous assets, it's hard to imagine a realistic turnaround story.Anytime you talk about GE stock, it's never an easy discussion. Nevertheless, here are three pros and three cons to consider: Pros: Wheeling and Dealing Should Lift GE StockSeveral analysts argue that General Electric stock is a "show me" investment. Simply, this means that GE will receive minimal, if any benefit of the doubt. Some companies can ride high on an interesting narrative. In contrast, General Electric must deliver the goods.It's a bit early to make strong pronouncements but they're doing exactly that. At the world-renowned Paris Air Show, General Electric secured $50 billion of orders for its highly demanded engines. This includes two big contracts: one with Indigo Airlines for $20 billion and another with Air Asia for $23 billion.It's a sizable leap from GE's deals from the 2017 edition, where the company booked $31 billion in orders. Pros: Aviation Has No Imminent Disruption ThreatAs I pointed out last month, aviation is a bright spot for GE stock. Therefore, it's no surprise that the company inked some deals.Better yet, I expect this trend to continue. Along with its highly respected expertise in this sector, another factor bolstering GE is the airline industry itself. It has moved from emphasizing large jumbo jets to smaller, fuel-efficient airplanes. That allows management to compete on volume.And speaking about show me, how about the Amazon (NASDAQ:AMZN) deal? GE's aircraft-lending unit will lend Amazon 15 Boeing (NYSE:BA) 737-800 freighters. Of course, AMZN intends to control more of its supply chain, which potentially jump-starts General Electric stock longer term.I also think it's very noteworthy that Amazon is working with GE in the first place. The e-commerce giant is a massive disruptor, and it has many options. Yet it went with the embattled organization, which is something to consider. Pros: General Electric Stock Needs "Power"One of the main criticisms against GE stock is that the underlying company is still holding onto its irrelevant legacy businesses. Arguably, the Power division represents a serious risk on paper. That's because the world is supposedly moving to clean-energy sources at a brisk pace.But let me drop a truth-bomb: the global economy is the entity that's decisively rising at a brisk pace. And growing economies require energy, lots of it. Sure, clean-energy plants can meet some of the demand. But the appetite would likely be so voracious that the world cannot depend on any one platform.That brings us back to the Power division. It might not look like it now, but once we get over some of the political overhangs regarding "non-clean" energy sources, General Electric stock could take off. Cons: Aviation Isn't Without HeadwindsOverall, I believe aviation will turn out to be a net positive for GE stock. However, I must point out some turbulence that directly impacts GE's recent bullish news.According to the International Air Transport Association, cargo-tonnage growth slowed to a worrying pace near the end of 2018. This data came out before the current round of retaliatory tariffs between the U.S. and China.If the trade war continues, retailers including vaunted Amazon will surely feel the pain. Ultimately, that detracts from the bull case for General Electric stock. Moreover, tensions between the top-two world economies could hurt consumer sentiment. That bearishness may trickle down to the airliner industry, which also hurts the company. Cons: GE Is Swimming in DebtThe above is a fairly granular argument. But with General Electric, bears don't need to scrounge for details. Instead, they can just pick out some broad financial metrics.One of those is debt. General Electric is swimming in it. From the most recent read, the organization is holding nearly $92 billion in this liability. * 6 Stocks Ready to Bounce on a Trade Deal Of course, debt isn't the end-all, be-all for assessing a stock. However, GE must stage an almost-unprecedented turnaround to make itself attractive again. Anything less and the once-iconic industrial giant will fall decisively into penny stock territory.Unfortunately, for management to generate positive traction will require investments. Again, with that "show me" environment, the markets don't have any patience. Cons: Management Must Overcome an Indefinite Credibility CrisisSuppose General Electric produces an outstanding earnings result for its second-quarter report: how will that move GE stock?On the surface, you'd expect shares to fly for a few sessions. For one thing, General Electric stock benefits from the law of small numbers. A second factor is that a positive earnings result plays into human psychology: investors will get excited about playing a turnaround story early in the game.But then reality will hit. Not too long ago, GE stock traded for around $30. Eventually, the markets may fade the company because after all, it's just one quarter.How many quarters must GE string together before it earns back its credibility? It might be a long list, which is why most investors are apprehensive. Conclusion: A Risky But Compelling OpportunityUnsurprisingly, GE stock has been rangebound the last few months. The company offers a compelling case for a revival. At the same time, it's impossible to forget GE's catastrophic losses.But because General Electric stock is rangebound, I believe the bad news is baked in. It's still crazy risky, but I definitely see a case for a speculative gamble. Just don't go in with money you can't afford to lose.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post 3 Pros, 3 Cons for Buying General Electric Stock Right Now appeared first on InvestorPlace.
- InvestorPlace•7 hours ago
3 Reasons GE Stock May Stall Out
What a difference strong leadership can make for a company, as shown by General Electric (NYSE:GE) stock. Larry Culp, who came on board as CEO in October 2018, had the unenviable task of leading the company's turnaround.But his moves has been decisive and strategic. More importantly, he has brought realism to the company. Then again, Culp demonstrated those abilities while he was the CEO of Danaher (NYSE:DHR), which generated standout results for shareholders during his tenure. * 6 Stocks Ready to Bounce on a Trade Deal Source: Shutterstock GE stock has done great during Culp's brief time with the company. Since December, the shares have gained 55%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut turnarounds often take a long time. And that will certainly be the case with GE's efforts. There is still lots of heavy lifting to be done, and GE is facing some tough headwinds. In other words, investors should be cautious, as the easy gains of GE stock may be over.In fact, there are already signs of that. Keep in mind that GE stock has been in a persistent range of $9 to $11 since February.So what issues is GE facing? Let's take a look at three risks of investing in General Electric stock. Risk Facing GE Stock: GE's FinancialsOne of the biggest changes at GE has been Culp's transparency with Wall Street. To this end, he says that 2019 will be a "reset" year. But the fact is that GE has a tremendous amount of debt and contingent liabilities. Cumulatively, GE owes a staggering $107.5 billion. So for quite some time, Culp will be mostly focused on finding ways to generate cash. To help accomplish that goal, he's already agreed to sell GE's biopharma business to Danaher and divest its locomotive segment, which was acquired by WabTec (NYSE:WAB).But given that GE is cyclical and that the global economy appears to be slowing, GE could easily report negative earnings surprises in the months ahead. Risk Facing GE Stock: GE's Aviation BusinessThe aviation business has been positive for General Electric stock for some time. As seen at this week's Paris Air Show, the unit is snagging plenty of orders. Note that it recently signed its biggest deal ever, agreeing to sell $20 billion of engines to an India-based airline.But unfortunately, the aviation business is still facing headwinds. For example, Boeing's (NYSE:BA) 777X widebody jet will not meet its deadline because of a problem caused by GE's engines. The problem is likely temporary, but it's still worrisome and will cause a meaningful amount of GE's revenue to be delayed.It's far from clear what will happen with the 737 MAX, which has been grounded because of two crashes. But again, this means loss of momentum for GE's engine business. Risk Facing GE Stock: GE's Power BusinessThe Power Business, which accounts for roughly 20% of GE's overall revenues, continues to be a problem for the company. The competitive environment of the sector is intense, demand for Power's products has been sluggish for some time, and it's been accused of being less than 100% forthright about its results. There are also signs that Chinese companies may make inroads in this industry.Here's what JPMorgan analyst Stephen Tusa has said about the situation: "We believe a full accounting of the situation with a closer look at the data, even a rudimentary review, supports our view that GE is indeed losing market share…"Keep in mind that Tusa was able to predict the implosion of GE stock. Consider that he currently has a $5 price target on the shares, implying a drop of more than 50% from their current levels.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 3 Reasons GE Stock May Stall Out appeared first on InvestorPlace.
- American City Business Journals•7 hours ago
Boeing to relocate Space and Launch division HQ to Titusville
After six decades of developing a presence in Florida's coastal region, billion-dollar aerospace giant Boeing Co. (NYSE: BA) announced it will relocate its Space and Launch division to Titusville from Arlington, Virginia, by the end of this year. “Boeing has been a dominant presence on the Space Coast for six decades, and this move represents a continuation of that legacy and future commitment," said Jim Chilton, senior vice president of Space and Launch, in a statement. Shifting manufacturing and freight to the eastern coastline of Florida offers the company greater proximity to the Cape Canaveral Air Force Station, Kennedy Space Center and Patrick Air Force Base.
- Zacks•8 hours ago
American Airlines (AAL) Inks Deal to Buy 50 Jets From Airbus
American Airlines (AAL) intends to replace aging planes in its fleet like Boeing 757s with Airbus A321XLR jets.
- Reuters•8 hours ago
US STOCKS-S&P 500 set to open at record high on dovish Fed
The S&P 500 index was set to open at a record high on Thursday, after the Federal Reserve reassured investors that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth. The S&P and the Dow Jones Industrial Average have gained in recent weeks on hopes of a rate cut, moving within striking distance of record closes set in late April. "Chairman Jerome Powell's comments that 'the case for additional accommodation has strengthened' was exactly what market participants wanted to hear," said Robert Johnson, chief executive officer at Economic Index Associates in New York.
- Reuters•8 hours ago
EU nations aim high with plan to tax air travel
PARIS/BRUSSELS, June 20 (Reuters) - The Netherlands and France are trying to convince fellow European nations at a conference in The Hague to end tax exemptions on jet fuel and plane tickets, as part of a drive to make the EU carbon neutral by 2050. In the first major initiative on air travel tax in years, the conference on Thursday and Friday - which will be attended by about 29 countries - will discuss ticket taxes, kerosene levies and value-added tax (VAT) on air travel.
- Market Realist•9 hours ago
Boeing’s 777 Freighter Jets: New Orders from Qatar Airways
Boeing (BA) received more new orders for its 777 Freighter planes at the Paris Air Show. On June 19, Qatar Airways committed to buying five Boeing 777 Freighter jets.
- Zacks•9 hours ago
American Outdoor Brands' (AOBC) Q4 Earnings & Sales Beat
American Outdoor Brands' (AOBC) reports full-year net sales of $638.3 million, up 5.2% from $606.9 million a year ago.
- Market Realist•10 hours ago
Flight Cancellations to Hurt Southwest’s Revenue Growth
Southwest Airlines (LUV) is facing massive flight cancellations due to the worldwide grounding of Boeing’s (BA) 737 MAX planes. Boeing 737 MAX series jets were grounded after two of the jets crashed within five months, killing 346 people.
- Market Realist•10 hours ago
Southwest Raised Q2 Revenue Guidance despite Troubled Boeing Jets
Southwest Airlines (LUV) raised its second-quarter unit revenue guidance on June 19. The company now anticipates revenue per available seat mile to increase between 6.5% and 7.5% YoY in the second quarter instead of its earlier guidance range of 5.5% to 7.5%. The strong unit revenue outlook reflects robust demand and a healthy passenger yield in the quarter.
- Reuters•10 hours ago
Aerospace executives look on bright side of United Tech, Raytheon deal
Aerospace executives see potential benefits from the surprise merger of Raytheon Co and United Technologies, including the prospect for better margins for suppliers and perhaps the chance to bid for any units put up for divestment. United Technologies provides primarily commercial plane makers with electronics, communications and other equipment, whereas Raytheon mainly supplies the U.S. government with military aircraft and missile equipment. Airpane makers Airbus and Boeing have said they will study the merger carefully, but other U.S. and European executives said they did not expect a significant impact to their businesses.
- Reuters•11 hours ago
Airbus: did not get chance to bid for the MAX order IAG gave to Boeing
Airbus confirmed on Thursday that it had not been offered a chance to bid for a surprise aircraft order announced by British Airways owner IAG at the Paris Airshow, involving 200 of the grounded 737 MAX. Airbus said that it nevertheless wanted a chance to bid for business at that airline company. The company's sales chief, Christian Scherer, made the comment at a news conference after announcing a total of 363 orders and commitments so far at the Paris Airshow, including 226 for the newly launched A321XLR.
