Aerospace company Boeing (NYSE: BA) announced an agreement with Vietnam Airlines where the airline would buy 50 of Boeing’s 737 Max narrowbody planes. This agreement was announced during a signing ceremony amidst President Biden’s visit to Vietnam.
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Dang Ngoc Hoa, Chairman of Vietnam Airlines, commented on the deal, “The new narrow-body fleet will allow us to foster our overall development and extend our high-quality service on Vietnam Airlines’ domestic and Asian routes, as well as modernize our fuel-efficient fleet.”
Analysts are cautiously optimistic about BA stock, with a Moderate Buy consensus rating based on 10 Buys and four Holds.
