Airplane maker
Boeing
got an order for an additional 150 737 MAX jets on Thursday. It could be seen as a vote of confidence in the company after a door plug blew out of an aircraft earlier this month.
India’s Akasa Air announced a firm order for 737 MAX 10 and 737 MAX 8-200 jets, which will be delivered through 2032, it said in a press release. Akasa has quickly grown its fleet after placing an initial order with
Boeing
in 2021. The order book now stands at 226.
Boeing stock has taken a hit since the incident involving an Alaska Air 737 MAX 9 jet, dropping more than 20% since the start of the year. Akasa’s order isn’t for the same model, but deliveries of other models to China have been hit.
The MAX 9 jet is still grounded in the U.S. while more safety checks are done. The Federal Aviation Administration said Wednesday that it had completed some of its work.
Boeing shares were up 1.5% in premarket trading to $206.13. Futures for the
Dow Jones Industrial
Average were down slightly, while
S&P 500
futures gained 0.3%.
Shares of European rival
Airbus
rose 1.3% in Paris trading.
Write to Brian Swint at brian.swint@barrons.com
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