Boeing Company (NYSE: BA) is reportedly poised to secure an exclusive widebody jet deal with Thai Airways International Public Co. (OTC:TAWNF), gaining an edge over Airbus SE (OTC:EADSF) (OTC:EADSY), whose offer was hindered by a deadlock with a crucial partner.
Boeing is nearing a deal to sell up to 80 of its 787 Dreamliners, a combination of firm orders, options, and purchase rights, with an announcement expected within weeks, Bloomberg reported, citing sources familiar with the discussions.
Also See: Cathay Pacific Embarks On Billion-Dollar Airbus Deal For Freighters
This deal would further boost the U.S. planemaker's sales momentum, following a significant $52 billion commitment secured from Emirates in Dubai last month.
The potential loss of another substantial deal for its A350 jetliner highlights the commercial impact of Airbus's escalating tensions with Rolls Royce Holdings Plc (OTC:RLLCF), the exclusive engine supplier for this flagship widebody aircraft.
Airbus has experienced a shift in several prominent contracts to its U.S. rival, Boeing, following Rolls-Royce's firm stance on pricing. This situation has led to uncommon public criticisms from key customers such as Emirates and Thai Airways.
Read Next: Apple's Big Bet On India - Reportedly Set To Craft 25% Of Global iPhones In The South Asian Nation Within 3 Years
Price Action: BA shares are trading lower by 0.39% to $236.41 premarket on the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Via Company