Japan Airlines Plans to Acquire 42 Jets from Airbus, Boeing
By Kosaku Narioka
Japan Airlines is buying a total of 42 airplanes from Airbus and Boeing to be delivered over the next decade as it seeks to expand its full-service and low-cost carrier businesses and limit carbon emissions.
Japan Airlines said Thursday that it planned to acquire 10 787 jets from Boeing and 32 jets from Airbus comprising 21 A350-900 and 11 A321neo planes.
The Japanese airline didn't disclose the cost of the acquisition. Catalog prices of the 42 airplanes total 1.870 trillion yen ($12.36 billion), according to figures provided by the company.
The Japanese company said it expected a shortage of aircraft supply going forward and wanted to secure them early to stay competitive.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
March 21, 2024 03:27 ET (07:27 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth