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Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 150,000
Close 2023-12-19 C$ 46.48
Market Cap C$ 6,972,000
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Globe/wire say Boeing gets half of big Lufthansa order

2023-12-20 08:01 ET - In the News

The Globe and Mail reports in its Wednesday edition that Lufthansa has ordered 80 planes from Boeing and Airbus and agreed to future purchasing options for a total value of $9-billion. A Reuters dispatch to The Globe says that the deal provides for 40 Boeing 737 Max 8 planes and 40 Airbus A220-300s to be delivered between 2026 and 2032. It also includes 60 future purchasing options for the Max 8, 20 options for the A220, as well as 40 options for Airbus A320s. The order is Lufthansa's first buy of Boeing narrow-body planes in 30 years, as well as its first purchase of the 737 Max model. The airline was a launch customer for an older version of the Boeing 737 in the late 1960s, but now has an all-Airbus single-aisle fleet after phasing out the 737 in 2016. It has continued to buy Boeing wide-body aircraft, with a backlog that includes 787 Dreamliners, 777 freighters and the upcoming 777X mini-Jumbo. Widely seen as one of the industry's most technically demanding buyers, Lufthansa was the original launch customer for what was then known as the Bombardier C Series in 2008. It was later sold to Airbus. Lufthansa chief executive officer Carsten Spohr said the Max 8 would help the company meet carbon reduction requirements.

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