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Boeing Said To Near $87 Bln 777X-Jet Order Haul: Bloomberg

Boeing Co. (BA) is in talks with four airlines on orders for its redesigned 777X jetliner valued at as much as $87 billion ahead of next month's Dubai Airshow, the Bloomberg reported, citing people familiar with the matter said.

The 255 planes under discussion include as many as 100 to 150 for Dubai-based Emirates, about 50 for Qatar Airways Ltd. and as many as 30 for Abu Dhabi-based Etihad Airways, the report stated.

Cathay Pacific Airways Ltd. is weighing as many as 25 of the aircraft in a transaction that probably would come before the Dubai event, the report added.

An order haul in Dubai for the 777X would be a boost for Boeing years ahead of the jet's commercial debut, now targeted for decade's end.

by RTT Staff Writer

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Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year. Coca-Cola Co. (KO) posted a profit for the second-quarter that increased 11 percent from last year, while net operating revenues declined 5 percent. It is targeting full-year 2016 net share repurchases of $2.0 billion to $2.5 billion.
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