US plane manufacturer completes $4.6 billion sale

Friday, 10 Apr, 2006 0

US plane maker Boeing Co. shares’ reached an all-time high in the wake of news that Chinese airlines had agreed to buy 80 single-aisle 737 jets.

Boeing shares closed up 1.5% to $80.79. They reached a record $80.92 earlier in the day.

Talks to acquire the jets have been ongoing since last year.

Reuters reported that the deal is worth $4.6 billion.

Chinese airlines earlier confirmed orders for 50 of the single-aisle planes late last year.

Optimism over the China deal also boosted trading on Boeing options.

Report by David Wilkening



 

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