United Airlines And Boeing Poised To Ink Significant Order Agreement For 787s

• United Airlines Holdings Inc (NASDAQ: UAL) plans to order Boeing Co's (NYSE: BA) 787 Dreamliner next week, although the number of 787s United may order is unclear.

• Reuters reported that Boeing and United were close to reaching a deal last week.

• In August, United CEO Scott Kirby told pilots that the carrier plans to order more than 100 wide-body airplanes.

• In October, United was nearing an order for more than 100 wide-body jets and was evaluating offers from Boeing and Airbus SE's (OTC: EADSY) (OTC: EADSF) A350, as per a Bloomberg report.

• Also see: Airbus CEO Expects Positive Demand For Wide-Body Jets In The Next Two Years.

• The potential deal comes after Boeing suffered a significant setback when Congress refused to add an extension to an annual defense bill to exempt Boeing from a year-end regulatory change for 737 Max 7 and Max 10 versions of aircraft.

• Boeing resumed 787 deliveries in late August. The program is producing at a low rate with an expected gradual return to five per month over time.

• United had 64 Dreamliners at the end of September and will have 68 by the end of 2022.

• Price Action: UAL shares are up 0.49% at $43.01 during the premarket session on the last check Friday. BA shares are up 1.19% at $181.21.

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