Turkish Airlines Orders up to 75 Boeing 787 Dreamliners, Commits to More 737 MAX Jets
Rhea-AI Summary
Boeing (NYSE: BA) has secured a landmark order from Turkish Airlines for up to 75 Boeing 787 Dreamliners, marking the carrier's largest Boeing widebody purchase to date. The deal comprises 35 787-9 models, 15 787-10 models, and options for 25 additional Dreamliners.
Additionally, Turkish Airlines expressed intent to purchase up to 150 737 MAX aircraft, which would be its largest Boeing single-aisle order when finalized. These combined orders will double Turkish Airlines' Boeing fleet, supporting their vision of expanding to 800 aircraft by 2033. The agreement will support over 123,000 jobs across the U.S. and builds on Boeing's 80-year partnership with Türkiye, where the company has invested $2 billion in supply chain development.
Positive
- Secured largest-ever Boeing widebody order from Turkish Airlines for up to 75 787 Dreamliners
- Additional commitment for up to 150 737 MAX aircraft pending finalization
- Orders will support over 123,000 U.S. jobs
- Deal will double Turkish Airlines' Boeing fleet
- $2 billion investment in Turkish supply chain development, creating 5,000 local jobs
Negative
- 737 MAX order portion is not yet finalized
- Large portion of Dreamliner order (25 aircraft) are just options, not firm orders
News Market Reaction 13 Alerts
On the day this news was published, BA gained 3.62%, reflecting a moderate positive market reaction. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $5.92B to the company's valuation, bringing the market cap to $169.38B at that time.
Data tracked by StockTitan Argus on the day of publication.
The airline also announced its intent to purchase up to 150 more 737 MAX airplanes, which will be its largest Boeing single-aisle order when finalized. The 787 and 737 MAX orders combined will double Turkish Airlines' Boeing fleet as the carrier expands its capacity and network.
"This landmark agreement represents much more than a fleet growth. It is a reflection of our leadership in the industry as well as our dedication to innovation and operational excellence," said Prof. Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee. "The addition of these advanced Boeing aircraft to our fleet will not only enhance our operational capabilities but also become a significant element supporting Turkish Airlines' 2033 Vision of expanding our fleet to 800 aircraft."
Across a network that reaches the most countries of any airline in the world, Turkish Airlines operates more than 200 Boeing jets today, including the 787-9, 777, 737 MAX, Next-Generation 737 and 777 Freighter airplanes.
Adding the larger 787-10 to its future fleet will enable Turkish Airlines to benefit from additional passenger and cargo capacity while improving fuel efficiency on high-demand routes between
The 787-10, like the 787-9, also offers superior passenger comfort with the largest windows of any widebody jet, air that is less dry and pressurized at a lower cabin altitude, and technology that senses and counters turbulence for a smoother ride.
"We are honored that Turkish Airlines has once again chosen the 787 Dreamliner and 737 MAX to power its future growth," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes.
Turkish Airlines is one of the global operators that have made the 787 a versatile component of their long-haul fleets. With more than 1,200 airplanes delivered, the 787 Dreamliner family serves about 500,000 passengers daily and connects the most countries of any widebody fleet.
Pope added, "As a proud partner to Türkiye and the Turkish aviation industry for 80 years, we look forward to continuing our support of Turkish Airlines as they expand operations and deliver exceptional experiences to their passengers."
For eight decades, Boeing has supported Türkiye's airline operators with commercial jets and services, as well as the government with defense platforms.
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SOURCE Boeing