According to several reports recently, Air New Zealand placed an order for eight Boeing Co 787-10 Dreamliner jets with an agreement including an option to increase the number to 20. The new jets are to be powered with General Electric Co engines replacing Rolls-Royce Holdings PLC engines. The 787 -10 Dreamliner jets worth $2.7 billion (2.12 billion pounds) would replace older eight 777-200ERs, leaving the airlines with all Boeing widebody fleet and for shorter rides Airbus A320 family jets.
Christopher Luxon, Chief Executive Air New Zealand stated “With the 787-10 offering almost 15 percent more space for customers and cargo than the 787-9, this investment creates the platform for our future strategic direction and opens up new opportunities to grow,” as per reports.
The jets are targeted to enter the airline fleet between 2022 to 2027, the 787-10 being the largest Boeing’s Dreamliner series can accommodate up to 330 passengers about 40 more than 787- 9 jets.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!
Sign Up to receive FREE email updates here!