Boeing signs deal for up to 42 777X planes

  • Ending a sales drought for the plane, British Airway parent IAG (OTCPK:ICAGY) has committed to purchasing up to 42 Boeing (NYSE:BA) 777X airplanes, including 18 orders and 24 options.
  • The commitment, valued at up to $18.6B at list prices, will be reflected on Boeing's Orders and Deliveries website once it is finalized.
  • IAG Chief Executive Willie Walsh called the 777-9 "the ideal replacement for the Boeing 747."

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