By The Financial District
May 23, 20231 min
Air Canada is closing in on the purchase of up to 20 787 Dreamliners from Boeing Co. to renew and expand its long-haul fleet, Bloomberg News reported, citing people familiar with the matter.
Photo Insert: The Canadian carrier has neared an agreement to order between 15 and 20 of the twin-aisle aircraft.
Shares of Boeing were up 3.6% at $208.13 in afternoon trade. Airlines are looking to shore up their wide-body fleets amid a rebound in demand for long-haul flying ahead of a busy summer travel season.
The Canadian carrier has neared an agreement to order between 15 and 20 of the twin-aisle aircraft, according to the report. An Air Canada spokesman said the airline has not made any decisions yet.