Boeing Stock Gains on $25 Billion Deal
El Al Airlines Signs $25 Billion Deal with Boeing
Boeing's stock price rose Thursday morning after the plane maker announced a deal worth up to $25 billion with Israel's El Al Airlines.
Deal Details
The deal includes:
- Purchase of 15 737 Max 10s
- Lease of two additional 737 Max 10s
- Purchase rights for an additional 25 737 Max 10s
Importance of Deal
This deal marks a significant victory for Boeing, which has been struggling to regain customer confidence after the two fatal crashes of its 737 Max aircraft in 2018 and 2019.
El Al Airlines is a major Israeli carrier, and its decision to purchase Boeing aircraft suggests that confidence in the company is returning.
Conclusion
Boeing's stock price has been on a steady upward trend since the beginning of the year, and this latest deal is likely to further boost investor confidence. The company is now poised to regain its position as a leader in the global aerospace industry.
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