Mohacsy's Safe Portfolio Member Forum

[dexprs]

Boeing Identifies 30-Jet China Order -- Market Talk
DOW JONES & COMPANY, INC. 11:20 AM ET 3/13/2017
Symbol Last Price Change
BA 178.42 -0.28 (-0.16%)
QUOTES AS OF 11:27:09 AM ET 03/13/2017
11:20 ET - Boeing(BA) identifies an existing order for 30 of its 737 Max 8 jets as coming from CDB Aviation, an arm of the Chinese sovereign bank with ambitious plans to expand its aerospace business in manufacturing as well as jet leasing. CDB Aviation executives have talked of its expanding its 200-plus plane portfolio to a business with assets of $40B, which would place it in the global top five based on rival's existing growth plans. BA narrows earlier losses following downgrade from Morgan Stanley, recently off 0.2% at $178.38 having fallen in the three previous sessions. ([e-mail]; @dougcameron)