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US plane manufacturer completes $4.6 billion sale
Wednesday, 10 Apr, 2006
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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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