Malaysia Airlines signaled a possibility
of acquiring Boeing units as part of its growth measure after the market opened
on Monday.
According to the reports circulated in the
media, the Malaysian Airline System Berhad will likely announce a plane order
of Boeing B737 MAX later this week, Wednesday to be exact. The rumor came after
the acquisition of Vietjet Air of 100 Boeing 737 MAXs, which cost $11.3 billion
almost two months ago.
Prior to the report, Former MAS chief
executive officer (CEO) Christoph Mueller has declared the intention of the
company to purchase long-range narrow body aircraft in 2018 as it plan to
expand its fleet probably in the sub-five hour routes in the Asian region.
Malaysia Airlines Chief Executive, Peter
Bellew, admitted that the company was having a business negotiation with
Bombardier, Airbus and Boeing. Mr. Bellew said ‘News should be confirmed next
week…looking at new and second-hand lease or buying the aircraft.”
In-line with this, the airline firm may
take an order of the new Airbus A321neo. Boeing’s B737 MAX and AirBus A321neo
are among the long-range narrow body models available in the market.
On the other hand, Boeing hasn’t released
an official statement regarding the possible order of Malaysian Airlines. Ken
Morton, Boeing communications director, said that they do not want to comment
or speculate on future sales or customer discussions in respect to the policy
of the company.
Boeing and Airbus have been on strict
competition among the aircraft manufacturers. Airbus generated 100 new orders
of A3210 neo from Air Asia BHD, worth $12.6 billion. The two companies failed
to accumulate a large number of orders at the at the Farnborough International
Airshow compared to the past Airshow events.
At the same event, announced the recent
upgrade of Boeing 737 Max. The narrow body jetliner will be stretched, whereas
12 more seats in two-class configuration will be added. If the plan of Boeing
materializes, the company may acquire higher revenue.
Before the week ended, shares of Boeing
lost 0.04 percent to $133.47 after opening much lower at $ 131.75. It had a
price earnings ratio of 18.03 with a market capitalization of $84.98 billion.
The stock has a dividend yield of 3.27 percent and its 50-day moving average
was 130.44 while its 200-day moving average was 127.62.
The American airplane manufacturer has a
12-month low of 102.10 and a 12-month high of 150.59. Currently, the company
operates under five segments namely Network & Space Systems, Boeing
Capital, Global Services & Support, Defense, Space & Security and Commercial
airplanes. Aircrafts which are sent to various airline industries are made
under the Commercial Airplanes division.
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