Turkish Airlines chair says may switch Boeing 737 order to Airbus if engine talks fail
1. Turkish Airlines may switch Boeing 737 MAX orders to Airbus. 2. This switch depends on progress with engine supplier CFM.
FAQ
Why Bearish?
If Turkish Airlines shifts to Airbus, Boeing could face reduced sales and market share. Historically, similar shifts have negatively affected Boeing's stock.
How important is it?
The potential shift from a major airline like Turkish Airlines to a competitor is significant. It indicates market competitiveness and can affect investor sentiment towards Boeing's future orders.
Why Short Term?
The impact will be immediate as order shifts typically influence quarterly results and projections. Past cancellations or order shifts have quickly reflected in stock prices.