Boeing wins $36 billion deal from Turkey in a major blow to competitor Airbus
Hindustan TimesBoeing Co. won an order valued at $36 billion from Pegasus Hava Tasimaciligi AS, in its biggest commitment so far this year that deals a blow to rival Airbus SE, previously the preferred choice for the Turkish low-cost airline. A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 8, 2015 The carrier placed firm orders for 100 of the as-yet uncertified 737 Max 10 model that it will begin receiving in 2028, with options for another 100, it said in a stock exchange filing. More than four months into Kelly Ortberg’s term as Boeing’s chief executive officer, “customers are also starting to feel more confident,” said Jefferies analyst Sheila Kahyaoglu. The long-delayed 737 Max 10 is the largest variant of Boeing’s popular single-aisle family, and carriers including United Airline Holdings Inc and Virgin Australia have switched out some of their orders for the model due to uncertainty about when it will be certified. The US planemaker’s final 737 Max models are running years behind schedule as they face tougher regulatory scrutiny, including a requirement to redesign of the jet engines anti-ice system.