Boeing Corporation’s made 73 commercial aircraft orders in July worth almost $8.86 billion following the successful deal with Mauritania Airlines.
In July, the company delivered a total of 54 commercial aircraft to six lessors and 33 airlines, which includes three aircraft deliveries for Southwest Airlines and another three for Hainan Airlines. From that, Boeing had a year-to-date commercial aircraft delivery of 420.
The American aircraft juggernaut settled successive transaction with four of the largest airlines globally. Before July ended, Malaysia Airlines finalized the order of 25 737 MAX 8 and a 737 MAX 9 worth $2.75 billion. It was followed by the six 787-9 Dreamliners order of Ruili Airlines worth $1.59 billion.
Further, TUI Group, a multinational travel and tourism company headquartered in Germany disclosed the 10 737 MAX 8 orders worth $1.1 billion during the Farnborough Airshow last July 12. Another $2.2 billion worth of order from unnamed companies was made as well.
Among the loyal customers of Boeing include Shandong Airlines, American Airlines, Turkish Airlines, Xiamen Airlines, Emirates Airline, China Southern Airlines. Also, Irish-American lessor GECAS and SWISS, Nippon Airways, Air New Zealand, MG Aviation, Ethiopian Airlines, Qatar Airways and Royal Air Maroc are part of the list.
Boeing and Mauritania Airlines
Aside from the mentioned airlines above, Boeing has closed the deal with Mauritania Airlines. The flag carrier of Mauritania ordered for a Next-Generation 737-800 airplane worth $96 million.
Chief executive officer of Mauritania Airlines Mohamed Radhy Bennahi said “The Boeing 737 is the backbone of Mauritania Airlines fleet because of its efficiency and superior operating economics. The addition of this new 737-800 will greatly expand our network and enhance the overall travel experience of our passengers.”
On the other hand, Van Rex Gallard, vice president of Sales for Africa, Latin America and the Caribbean, Boeing Commercial Airplanes, noted the significant contribution of Mauritania Airlines in West African aviation for the past few years.
Mr. Gallard said that the order for one additional 737-800 underlines Mauritania Airlines’ position as a leading carrier committed to providing its passengers with a growing choice of destinations and exceptional in-flight comfort.
Boeing Stock Performance
Previously, shares of Boeing went up 0.38 percent to $132.19 with a market capitalization of 82.79 billion. The American multinational aircraft corporation has a price earnings ratio of 24.28 and a dividend yield of 3.30 percent.
The stock has a 52-week high of $150.59 and a 52-week low of $102.1. Boeing has a price to book value of 143.18, a return of assets value of 4 percent and a return of equity ratio of 83.9 percent. It has an outstanding shares of 625.68 million and a total shares float of 623.16 million.
Further, Boeing has a 50-day simple moving average of $130.67 and a 200-day simple moving average of $131.28. The stock is one of the components of Dow Jones and headed by CEO Dennis A. Mulieburg. It has been prominent through its commercial jetliners, military aircraft, missile defense and satellites.
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