Boeing shares drop 1.6% as United postpones $5B deal
On the 15th of November, Boeing shares fell 1.6% to $147.56, when United Continental Holdings announced deferring aircraft orders valued at almost $5 billion.
The carrier’s decision impacts the Boeing 737, the manufacturer’s cash cow, raising concerns about whether the company will be able to up its production as it was previously planned. Boeing’s representatives, however, have said that United’s decision will not affect production.
United announced converting its orders for 61 737-300 aircraft that were scheduled for delivery in the following two years into 737 MAX planes. The carrier still has not decided on the size of the 737 MAX planes it will order and their delivery date.
