20:26:26 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 150,000
Close 2023-06-21 C$ 37.65
Market Cap C$ 5,647,500
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Globe says Boeing hears jet engine maker optimistic

2023-06-22 08:25 ET - In the News

The Globe and Mail reports in its Thursday edition that jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for plane makers as they continue to rack up orders at the Paris Airshow. A Reuters dispatch to The Globe says that the first two days of the world's biggest air show saw bumper orders from Indian airlines looking to cash in on a rapid rebound in travel since the pandemic and forecasts for continued strong growth in the world's most populous country. Europe's Airbus SE was also putting the finishing touches to a deal with Mexican low-cost carrier Viva Aerobus for 90 narrow-body jets. Recovery from the pandemic has been more problematic for suppliers, which are still grappling with rising costs, parts shortages and a scarcity of skilled labour. That has raised concerns whether Airbus and U.S. rival Boeing will be able to hit ambitious goals to increase output in order to meet delivery targets for customers. Airbus and Boeing continued to sign new deals at the air show, stoking a debate about whether new fuel-efficient planes will help airlines reduce carbon emissions or whether this will be outweighed by more flights.

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