"Indian Airline Akasa Orders 150 Boeing 737 Max Jets, Boosting Boeing Stock"

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Source: Investor's Business Daily
"Indian Airline Akasa Orders 150 Boeing 737 Max Jets, Boosting Boeing Stock"
Photo: Investor's Business Daily
TL;DR Summary

Boeing secures an order for 150 of its 737 Max airplanes from India-based Akasa Air, announced at the Wings India 2024 airshow, expanding the airline's capacity and range while reducing fuel use and carbon emissions. The order provides a much-needed boost for Boeing amid increased scrutiny following safety concerns, including a fuselage panel blowout on a 737 Max 9 jet. The order brings Akasa's total Boeing order book to 226 jets as it plans to expand its domestic and international network, with Boeing stock surging 3.1% following the announcement.

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