AIRSHOW-Kuwait's Alafco finalises order for 20 Boeing 737 MAX jets

Flydubai showcases first Boeing 737 Max 8

The deal is valued at $2.2 billion at current list prices before discount.

Flydubai has committed to order an additional 175 Boeing 737 Max aircraft, with purchase rights for 50 more of the type. Competing Toulouse-based Airbus forecasts Middle East carriers will spend about $600bn on new aircraft over the coming two decades, amid projections that the fleet size of the regions' carriers will more than double in the period. When finalized, the purchase promises to sustain tens of thousands of direct and indirect jobs in Boeing's USA factories and network of suppliers, according to Boeing.

Flydubai now has a fleet of Boeing 737-800s and 737 Max 8 aircraft, with a further 70 due for delivery by 2023 following an order for 75 MAXs and 11 737-800s made at the 2013 Dubai Airshow.

The 737 MAX is the fastest-selling airplane in Boeing history, having surpassed 4,000 total orders from 92 customers.

Mannkind Corporation (NASDAQ:MNKD) Sees Price Swing - Down $0.08
MannKind Corporation has a beta of 1.19, offering the possibility of a higher rate of return, but also posing more risk. The average Wall Street analyst rating for MannKind Corporation is Hold, according to the average of 2 analyst scores.

Are Analysts Bearish McDonald's Corporation (NYSE:MCD) After Last Week?
The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. On average, equities analysts forecast that McDonald's Corp. will post $5.69 earnings per share for the current fiscal year.

Walmart partners with department store
Amazon leads the USA online clothing and footwear market with sales of $13 billion in 2016, up $9 billion from five years ago. This story has not been edited by Firstpost staff and is generated by auto-feed.

Flydubai Chairman Sheikh Ahmed bin Saeed al-Maktoum said the new order will "strengthen trade and tourism links across its network" and boost the connectivity of Dubai as an aviation hub. "With flydubai's proven business model and ambitious growth plans, we look forward to hundreds of flydubai 737 MAXs connecting Dubai with the rest of the world".

The order marks a significant expansion of Flydubai's fleet, which now consists of 61 Boeing 737-800 and 737 Max 8 aircraft. All variants of the jet are powered by the CFM International Leap-1B engine.

"We are pleased to grow our partnership with ALAFCO and support their fleet expansion", said Boeing Commercial Airplanes president, Kevin McAllister. To date, flydubai has taken delivery of 63 737-800s and three 737 MAX 8 airplanes.

Related News:

  • Indications are we are going to military rule - Zim ambassador

    Indications are we are going to military rule - Zim ambassador

    The veteran of the country's 1970s liberation war was popular with the military and had been seen as a likely successor to Mugabe. In the broadcast, the spokesman said the military expected "normalcy" to return as soon as the army had completed its "mission".

    The Underhill Investment Management LLC Boosts Position in Gilead Sciences Inc. (GILD)

    The biopharmaceutical company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.14. Maxim Group reiterated a "hold" rating on shares of Gilead Sciences in a research note on Friday, October 27th.
    Flipkart Billion Capture+ goes on sale today, here are all the offers

    Flipkart Billion Capture+ goes on sale today, here are all the offers

    The smartphone ticking is a 3,500mAh battery with Quick Charge, which the company claims will last up to two days. The phone features dual 13MP imaging sensors at the back, with an RGB sensor mated to a monochrome module.
  • TDP mark on AP-Nandi awards

    TDP mark on AP-Nandi awards

    Kamal Haasan congratulated Rajinikanth by tweeting "Congratulations, Superstar.Rajinikanth for the NTR National award in 2016". The awards jury members met Andhra Pradesh Chief minister Chandrababu Naidu in Amravati to handed over the victor list.
    James Paterson drops plans to introduce alternative same-sex marriage bill

    James Paterson drops plans to introduce alternative same-sex marriage bill

    The bill makes minimalist changes to protect religious freedom without legalising discrimination by commercial service providers. Liberal frontbencher Christopher Pyne has said the bill could be debated in parliament as early as this week.
    Important Analyst Opinions: Southwestern Energy Company (SWN), Teva Pharmaceutical Industries Limited (TEVA)

    Important Analyst Opinions: Southwestern Energy Company (SWN), Teva Pharmaceutical Industries Limited (TEVA)

    The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has "Hold" rating given on Thursday, August 3 by Piper Jaffray. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 41.70% since November 12, 2016 and is downtrending.
  • America is Not Having Bad Luck With Mass Shootings

    America is Not Having Bad Luck With Mass Shootings

    A recording of scripture readings from a previous church service played as small groups of people walked around the room silently. Mark Collins, a previous pastor at First Baptist, said it was the largest gathering in the church's 100-year history.
    North Korea at United Nations  warns U.S.  carriers are fuelling tensions

    North Korea at United Nations warns U.S. carriers are fuelling tensions

    The 1984 exchange of gunfire happened after North Korean soldiers crossed the border and fired, according to the U.N. The JSA is a small strip of land on the border between the Koreas where troops from both sides stand face-to-face.
    Raiders place Gareon Conley on IR

    Raiders place Gareon Conley on IR

    Lasco, a second-year pro from Cal, was taken from the field in an ambulance during the first half of Sunday's game in Buffalo. The Raiders (4-5) return from the bye this week in need of a strong finish to get back to the playoffs.
  • Scam victims may be able to recover money — FTC

    Scam victims may be able to recover money — FTC

    Also Businesswire.com published the news titled: "Western Union Reports Third Quarter Results" on November 02, 2017. Monness Crespi & Hardt downgraded The Western Union Company (NYSE:WU) on Thursday, September 8 to "Neutral" rating.
    Drop 'Pappu' from ad, Gujarat BJP told by EC

    Drop 'Pappu' from ad, Gujarat BJP told by EC

    However, the use or word was banned by election commission because indirectly it targets the Congress Vice President Rahul Gandhi. The poll watchdog said that word "Pappu", apparently targeting Congress vice president Rahul Gandhi , is "derogatory".
    Airbus wins biggest jet order from Indigo Partners

    Airbus wins biggest jet order from Indigo Partners

    Indian low-priced airline IndiGo (which isn't connected to Indigo Partners) bought 250 Airbus jets in 2015. New Chile-based airline, JetSmart.


Most liked

Atletico Madrid want Mesut Ozil if Manchester United target leaves in January
Griezmann has had a contrasting season from Cavani, as the French forward has only scored three goals as he has failed to recover his blistering goal-scoring form in recent years.

Michael Bisping eyeing retirement fight at UFC Fight Night 127 in London
At 42 years old, Silva wrote on social media that he competes "not because of fame or money, it's because I love to fight". The Ultimate Fighter Season 3 victor is eyeing the UFC's London card, next March, for his swansong.

Manchester United star set to miss Newcastle game
Newcastle United boss Rafa Benitez is reportedly eyeing a move for highly-rated Spanish youngster Gorka Guruzeta. As a result, Mourinho may opt to sell the Brazilian to Los Che in an attempt to lower their asking price.

Magnitude 5.5 quake jolts South Korea
Korea Hydro and Nuclear Power said nuclear power plants in the country are operating normally. According to TV footage, some buildings were externally damaged and windows were broken.

Highstreet Asset Management Inc. Invests $813000 in Duke Realty Corporation (DRE) Stock
Whittier Trust Co. of Nevada Inc. raised its position in shares of CoreSite Realty Corporation by 115.5% during the 2nd quarter. The firm now has a buy rating on the real estate investment trust's stock. 594,246 shares were sold by Koum Jan, worth $88.97M.

Salesforce.Com Inc (CRM) Holdings Down in Latest Report from Alliancebernstein LP
Appropriate Balance Financial Services Inc. increased its stake in shares of Salesforce.com by 6.9% in the second quarter. The current P/B amount of Salesforce.com, inc. best indicates the value approach in differentiating good from the bad.

IPhone X's Face ID fooled effortlessly by a 10 year old
Wired reports that after the mother reregistered her face under different lighting, her son was not able to unlock her phone. With Face ID, Apple has launched a grand experiment in a form of biometric security previously untested at this scale.

Saudi-led coalition bombs airport runway in Yemen's capital
However, Mr McGoldrick said there was "no indication" yet of the blockade being lifted. Hedile noted the first flight carrying 218 passengers took off today.

Delta Air Lines, Inc. (DAL) Shares Bought by Harbor Advisors LLC
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Ing Groep Nv decreased Automatic Data Processing In (NASDAQ:ADP) stake by 12,164 shares to 47,968 valued at $4.92M in 2017Q2.

Dlawless 163-carat diamond fetches $49.4 million in Geneva auction
The diamond itself was cut from a 404 carat rough rock which was found in February of 2016 in Angloa's Lulo mines. The necklace is made of 18 diamonds on one side and two rows of pear-shaped emeralds on the other.

Caymus Capital Partners LP Buys 261400 Shares of Callon Petroleum Company (CPE)
The institutional investors in our partner's database reported: 229.70 million shares, up from 223.13 million shares in 2017Q1. Analysts believe that the company has the potential to earn average revenue of $95.84 Million for the current quarter.

The CVS Health Corporation (CVS) Stake Raised by Holland Capital Management LLC
Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of CVS Health Corporation by 20.1% in the 3rd quarter. According to their observations and findings, the stock could provide a high EPS of $1.92/share and a low EPS of $1.88/share.

Analyst Earnings Predictions Coverage: JetBlue Airways Corporation (JBLU)
The stock of JetBlue Airways Corporation (NASDAQ: JBLU ) earned "Equal-Weight" rating by Morgan Stanley on Thursday, August 17. HBK Investments L P owned approximately 0.18% of JetBlue Airways Corp . worth $10,246,000 as of its most recent SEC filing.

Nawaz Sharif's son likely to be indicted in Accountability Court today
Earlier, the high court had accepted a petition and ordered on Nov 3 that the matter should be decided by the trial court. However, Nawaz denied all the charges pleading not guilty, saying that the proceeding was initiated on political basis.

Ardern, Duterte talk travel before private meeting
He then lapsed into a story about his companion not being allowed to take live fish somewhere - it wasn't clear where. Earlier in the day, Ardern had confirmed she would push Duterte on the issue of human rights in the Philippines.