Boeing in deal to sell 20 737s

AP News
Posted: Oct 22, 2013 10:00 AM

CHICAGO (AP) — Boeing Co. said it has signed an agreement to sell 20 of its 737-800s to Aerolineas Argentinas.

The order would be worth $1.8 billion at list prices, although discounts are common. The Argentinian airline already has 26 similar planes.

The agreement was announced on Monday. A firm order has not yet been signed.

Boeing is getting ready to pivot from the current version of the 737, like the ones it is selling to Aerolineas Argentinas, to a new version called the 737 Max, which will have a new engine and other tweaks.

Stephen Moore

Boeing shares rose $1.11 to $122.53 in morning trading. Boeing shares are up more than 57 percent so far this year.