UAL stock prices were up on Friday, trading at $35.68 as of 01:49 PM EDT.
Bloomberg reports that United Airlines (NASDAQ:UAL) is prepared to order a significant number of wide-body aircraft from either Boeing (BA) or Airbus (OTCPK:EADSF). It would be one of the biggest long-range aircraft purchases ever made. A little over a year after the airline purchased 270 narrowbody jets, Chief Executive Officer Scott Kirby is attempting to enhance United’s product in a broader manner.
The airline, according to those briefed on the situation, is evaluating proposals from both manufacturers for the 787 Dreamliner and A350 planes. According to the article, a deal’s conclusion is predicted for December.
UAL stock performance
The price of United rose 3.4% to $35.40, while the price of Boeing rose 1.5% to $132.40 as of Thursday’s end. The price of Airbus shares increased by as much as 2.37 euros, or 2.5%, to 99.27 euros on Friday in trading in Paris. In premarket trade, United Airlines (NASDAQ:UAL) shares hardly increased. Boeing (NYSE:BA) stock increased 1.25% prior to the start of the US market, and Airbus SE (OTCPK:EADSF) shares increased 4% during the afternoon European trading session.
Large stakes
Data from Cirium indicates that the Chicago-based airline has 128 twin-aisle Boeing aircraft that are at least 20 years old when maintenance expenses tend to skyrocket. Only seven Dreamliners are on order for United, and a deal for 45 Airbus A350 aircraft that is expected later this decade has been frequently postponed.
For Boeing and Airbus, the possible new purchase has a lot on the line. The Covid-19 outbreak caused a slump in demand for expensive twin-aisle jets, which is now slowly recovering as borders are reopened, and business travelers are once again taking to the sky.
As travel resumes, the competing aircraft manufacturers have engaged in a battle for orders. Airbus has prevailed in significant sales battles, including a significant order from Qantas placed in December and a $37 billion order for 292-jet single-aisle aircraft placed by Chinese carriers in the summer.
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Author Jowi Kwasu 
