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Market Chatter: Boeing Nears Deal to Supply Up to 10 Freighters to Ethiopian Airlines

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Boeing (BA) is nearing an agreement to supply as many as 10 long-haul cargo aircraft to Ethiopian Airlines, Reuters reported Wednesday, citing two industry sources.

The prospective transaction will likely include two current-generation 777F freighters alongside six to eight 777-8F models, whose development has been delayed, as the carrier advances plans for a new African hub, the news outlet quoted the sources as saying.

Boeing and Ethiopian Airlines did not immediately respond to' request for comment.

Shares of Boeing were up 2.3% in Wednesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $210.44, Change: $+4.78, Percent Change: +2.32%

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