UAL stock prices were up on Friday, trading at $35.68 as of 01:49 PM EDT.
Bloomberg reports that United Airlines ( NASDAQ:UAL ) is prepared to order a significant number of wide-body aircraft from either Boeing (BA) or Airbus ( OTCPK:EADSF ). It would be one of the biggest long-range aircraft purchases ever made. A little over a year after the airline purchased 270 narrowbody jets, Chief Executive Officer Scott Kirby is attempting to enhance United’s product in a broader manner.
The airline , according to those briefed on the situation, is evaluating proposals from both manufacturers for the 787 Dreamliner and A350 planes. According to the article, a deal’s conclusion is predicted for December.
UAL stock performance
The price of United rose 3.4% to $35.40, while the price of Boeing rose 1.5% to $132.40 as of Thursday’s end. The price of Airbus shares increased by as much as 2.37 euros, or 2.5%, to 99.27 euros on Friday in trading in Paris. In premarket trade, United Airlines ( NASDAQ:UAL ) shares hardly increased. Boeing (NYSE:BA) stock increased 1.25% prior to the start of the US market, and Airbus SE ( OTCPK:EADSF ) shares increased 4% during the afternoon European trading session.
Large stakes
Data from Cirium indicates that the Chicago-based airline has 128 twin-aisle Boeing aircraft that are at least 20 years old when maintenance expenses tend to skyrocket. Only seven Dreamliners are on order for United , and a deal for 45 Airbus A350 aircraft that is expected later this decade has been frequently postponed.
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