Boeing Nears Deal to Sell 150 737 Max Jets to Turkish Airlines

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Boeing is nearing an agreement to sell 150 737 Max jets to Turkish Airlines, part of a broader 225-aircraft Boeing order announced after Turkish President Tayyip Erdogan met U.S. President Donald Trump last year, Reuters reported Tuesday, citing people familiar with the negotiations. The Max portion of that larger agreement could be finalized as soon as next week. The order had been delayed by a dispute over engine maintenance, with Turkish Airlines threatening to switch to Airbus amid disagreements with engine manufacturer CFM International over maintenance costs, spare-parts prices and long-term repair risks. CFM is jointly owned by GE Aerospace and Safran. The carrier also sought a leading role in CFM's maintenance network, which would give it faster access to repair technology for engines used on the 737 Max, though it remains unclear whether that request will be included in the final agreement. A completed order would preserve one of the major Boeing agreements announced by the White House last year, and Turkish media have reported that Trump and Erdogan may meet during United Nations gatherings in New York next week.

Impact on stocks 4

Aerospace & Aviation · 2 stocks
The Boeing Company
BA
▲ PositiveDemandrelevance

Boeing is nearing a deal to sell 150 737 Max jets to Turkish Airlines, a concrete order win.

GE Aerospace
GE
± MixedCompetitionrelevance

CFM, jointly owned by GE Aerospace, is in a maintenance-cost dispute that delayed the order and prompted Turkish Airlines to threaten switching to Airbus.

Defense & Geopolitical Fragmentation · 1 stocks
Safran SA
SAF
± MixedCompetitionrelevance

CFM, jointly owned by Safran, is in a maintenance-cost dispute that delayed the order and prompted Turkish Airlines to threaten switching to Airbus.

Industrials · 1 stocks

Theme Impact 2

Off-coverage companies 2

Turkish AirlinesPrivate▲ Positive
Supplyrelevance

Turkish Airlines is set to finalize the 150-jet 737 Max order after resolving engine-maintenance disagreements with CFM.

CFM InternationalPrivate± Mixed
relevance

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