Airplane manufacturer Boeing secured an order for 150 additional 737 MAX jets, signaling a vote of confidence in the company despite a recent incident involving a blown-out door plug. The order was placed by Akasa Air, an Indian airline, and includes both the 737 MAX 10 and 737 MAX 8-200 models. According to a press release, the jets will be delivered to Akasa through 2032.
This order marks a significant expansion of Akasa’s fleet, following their initial purchase from Boeing in 2021. With this new order, the total number of airplanes in Akasa’s order book now stands at an impressive 226.
Boeing stock experienced a slight decline of over 20% since the beginning of the year due to the incident involving an Alaska Air 737 MAX 9 jet. Although Akasa’s order does not involve the same model, deliveries of other Boeing models to China have been impacted.
Currently, the MAX 9 jet remains grounded in the United States while additional safety checks are conducted. The Federal Aviation Administration stated that it has made progress in completing the required assessments.
In premarket trading, Boeing shares saw an increase of 1.6%, reaching $206.26. Meanwhile, futures for the Dow Jones Industrial Average and S&P 500 remained steady. As for European rival Airbus, their shares experienced a 1% boost in trading on the Paris market.