Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

China Airlines' Order for up to 24 787 Dreamliners is 'Important' for Boeing - Morgan Stanley

Stock Markets Sep 29, 2022 08:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
BA
+0.63%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Senad Karaahmetovic

A Morgan Stanley analyst reiterated an Overweight rating and a $233 per share price target on Boeing (NYSE:BA) after the announcement that China Airlines (TW:2610) ordered up to 24 787 Dreamliners.

The deal is based on a firm order of 16 787-9 aircraft, with an option for an additional 8 units.

"We are excited to introduce the 787-9 Dreamliner into our operations as we continue to upgrade our fleet with more modern, fuel-efficient airplanes. Adding the state-of-the-art 787 will help us reduce carbon emissions, while also providing our customers with unmatched levels of comfort," said China Airlines Chairman Hsieh Su-Chien.

Ihssane Mounir, Boeing's senior vice president of Commercial Sales and Marketing, added:

"This is a milestone order in our continuing partnership with China Airlines, and the market-leading efficiencies of the 787 will play an important role in furthering the airline's sustainability efforts."

For the analyst, this order is “important for Boeing” taking into account the importance of the 787 business for the firm.

“We remain positive on the potential opportunity for further orders given the replacement opportunity in the market. We note that this incremental order for the 787 supports our positive view on the return of the widebody,” she wrote in a client note.

Her comments came just a day after she defended Boeing as China's risks seem to be “overdone.”

 
China Airlines' Order for up to 24 787 Dreamliners is 'Important' for Boeing - Morgan Stanley
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email