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American City Business Journals
Spirit AeroSystems shares jump on talk of huge Air India aircraft order
Shares of Wichita’s largest publicly traded company were off to a good start Monday, following weekend reports of another massive jet order in the works. Air India, according to a report from Reuters, is close to placing an order for around 500 passenger aircraft that is expected to include a mix from the Boeing Co. (NYSE: BA) and Airbus and would top $100 billion at list prices. The report, citing unnamed sources familiar with the carrier’s plans, says the order is expected to include up to 400 narrow-body jets as part of a deal that would be one of the industry’s largest-ever orders by an individual airline.
