Boeing order is old news

Yes, Chinese airlines have ordered 200 aircraft from Boeing. But we already knew that.

By Kim Peterson Jan 19, 2011 3:48PM
Image: Airline (© Christie & Cole/Corbis)Boeing (BA) has a huge order in from China worth $19 billion, the White House announced today. The order of 200 aircraft will be delivered over three years.

But shareholders didn't react to the news, and Boeing shares actually fell by 1%. That's because there actually aren't any new orders to announce.

All those planes have already been announced in the past four years, The Seattle Times reports. Boeing has already received nonrefundable deposits on them and booked them as firm orders.

So the impact on Boeing is minimal. The only newsworthy thing to come out of today is that the Chinese government gave final approval to the airlines that placed those plane orders. The government requires that all airline orders get the official green light.

Announcing the approval today is pure politics, "designed to make the Chinese government appear responsive to U.S. concerns about the balance of trade," writes reporter Dominic Gates. Boeing shares were down 1.2% to $71.57 in afternoon trading.


1Comment
Jan 19, 2011 7:14PM
avatar

Yep, figured that was the case.

 

How about this one: Presidents Obama and Hu met to discuss free trade. One of them believes than anything can be confiscated from citizens or companies if it's in the best interest of the state. President Hu also believes this, and that the army should be used if any groups object to that.

 

I tell you, nobody could invent stuff this funny! Smile

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

125
125 rated 1
267
267 rated 2
455
455 rated 3
612
612 rated 4
682
682 rated 5
695
695 rated 6
632
632 rated 7
472
472 rated 8
279
279 rated 9
147
147 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
EXCEXELON CORPORATION10
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.