Boeing receives 'firm order' from Air Canada for 18 Dreamliner planes

By Tomi Kilgore

Order includes options for another dozen 787-10 aircraft

Air Canada said Monday that it has placed a "firm order" with Boeing Co. for 18 Boeing 787-10 Dreamliner aircraft, with deliveries scheduled to begin in the fourth quarter of 2025.

The Montreal-based air carrier (ACDVF) (CA:AC) said the agreement also includes options for an additional 12 Boeing 787-10.

Boeing's stock (BA) slipped 0.4% in premarket trading, while futures (YM00) for the Dow Jones Industrial Average DJIA eased 67 points, or 0.2%.

Air Canada said the order will be used to replace older wide-body aircraft in its fleet. The company currently operates 30 787-9 and eight 787-8 version of the Dreamliner.

Financial terms of the order were not disclosed.

"Our experience shows customers greatly enjoy flying on the Dreamliner, so we are pleased to offer them a larger version of this popular aircraft, which will premiere a new, state-of-the-art interior cabin design," said Air Canada Chief Executive Michael Rousseau. "As importantly, the 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions."

Boeing's stock has shed 3.8% over the past three months through Friday and the U.S.-listed shares of Air Canada have dropped 18.0%, while the Dow has gained 0.7%.

-Tomi Kilgore

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09-25-23 0902ET

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