Seeking Alpha
( followers)  

In what continues to be an amazing year for Boeing, the board of German airline Lufthansa is expected to vote favorably on a deal for 20 upgraded Boeing 747 jumbo jets, the first to order Boeing's updated version of its commercial airliner. boeing 747 Though the deal has been expected for some time, it continues a run of bad news for Boeing's top competitor, Airbus, who continues to drop market share to Boeing while developing the world's largest jumbo jet, the A380. The A380 development program is currently two years behind schedule and 30% over its $12 billion budget leading to cancellations in orders and a loss of confidence in the European airplane manufacturer. In more good news for Boeing yesterday, Continental Airlines announced it was upgraded its order for 12 Boeing 737 jetliners to the 737-900ER -- bringing its total order to 24 jets.
• Sources: WSJ, Reuters, Business Week. Conference call transcripts: Boeing Q3 2006
• Related commentary: Boeing and Airbus Project Future Direction of Their Industry, Boeing One-Ups Airbus Yet Again With FedEx Contract, Airbus' Loss in Market Share is Boeing's Gain, Boeing: Get Ready to Fly, The Jumbo Jet (Airbus) is Fast Becoming Irrelevant
• Potentially impacted stocks and ETFs: Boeing (NYSE:BA). Competitors: Embraer-Empresa Brasileir de Aero. (NYSE:ERJ). ETFs: iShares Dow Jones US Aerospace & Defense (NYSEARCA:ITA), PowerShares Aerospace & Defense (NYSEARCA:PPA)

Seeking Alpha's news summaries are combined into a pre-market briefing called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only a few seconds to sign up.

Source: Boeing Lands Big Lufthansa Order, Again Besting Airbus