Boeing says P-E firm orders 30 additional 737 MAX jets

 

• Boeing (BA +2.2%) pops in early trading after saying 777 Partners placed an order for 30 additional 737 MAX jets, nearly doubling the P-E firm's original order.
• The new order lifts 777's commercial aircraft portfolio to 68 737 MAX aircraft, which are valued at $3.7B at list prices.
• "We have long been confident in the economics of the 737 MAX family but we are especially excited about the 737-8-200 variant which represents the bulk of our additional orders," says Josh Wander, managing partner of 777 Partners.
• The news extends yesterday's nearly 4% gain for Boeing, which surged alongside travel related stocks on early signs that the COVID-19 omicron variant may cause milder symptoms than previous strains.