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Boeing beats Airbus to mega Delta order

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It’s been a rough decade for Boeing, and especially for the 737 MAX, but now Delta has secured a massive order

At the Farnborough airshow, there’s been some bright news for the struggling US plane maker.

  • Order for 100 737-10 aircraft with option for 30 more 
  • Narrowbody jet provides world-class customer experience
  • Fuel-efficient planes help power Delta’s sustainability goals 

In what was the worst kept secret in the aviation industry in recent weeks, Boeing has now confirmed a massive new order from Delta Airlines, and it’s for the 737 MAX.

The deal is worth about 13 billion dollars, and Delta has the option to buy another 30.

Airbus has been circling Delta, trying to sell them more A220s. But in the end, Boeing won out, in positive news for the beleagured company.

Until now, Delta was the only US airline without a MAX in its fleet or on order.

The MAX was grounded for 20 months following two fatal crashes, and there was a time when aviation analysts expected the plane may never fly again. 

But now here we are with this massive new order.

ALSO – American Airlines is set to order more Boeing 737 MAX jets for its domestic fleet 

Delta is ordering the largest model in the MAX family, the 737-10, which will begin delivery in 2025. It will be powered by the next-generation LEAP-1B engines manufactured by CFM International, a company jointly owned by GE and Safran Aircraft Engines.

The aircraft will be 20%-30% more fuel efficient than the retiring Delta planes it will replace.

“The Boeing 737-10 will be an important addition to Delta’s fleet as we shape a more sustainable future for air travel, with an elevated customer experience, improved fuel efficiency and best-in-class performance,”

Ed Bastian, Delta’s chief executive officer

“These new aircraft provide superior operating economics and network flexibility, and the agreement reflects our prudent approach to deploying our capital.” 

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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