British Airways appears close to an order of $7 billion of Airbus A350 planes. The airline traditionally has been a customer of Boeing Co. (NYSE: BA). However, that could change is a matter of days.
If confirmed, the order would strike a blow inside one of Boeing’s most loyal wide-body customers and may hike pressure on the U.S. planemaker to defend future profits by formally offering a revamped version of its successful 777 mini-jumbo.
Industry sources said on Sunday that International Airlines Group), which owns both BA and Spain’s Iberia, appeared close to ordering approximately 20 Airbus A350-1000 aircraft worth $332 million apiece at list prices.
Boeing shares are inactive so far in premarket trading, after ending last week at $86.17. The 52-week range is $66.82 to $86.84.