TLDR
- Turkish Airlines ordered 75 Boeing 787 jets and plans to purchase up to 150 more 737 MAX aircraft following President Erdogan’s meeting with Trump
- Boeing stock jumped 4.2% to $222.54, maintaining a 21% year-to-date gain despite September’s 9% decline
- Boeing secured additional orders from Norwegian Group (30 jets) and Uzbekistan Airways (22 jets) this week
- The company has over 6,500 unfilled orders but delivered fewer than 350 planes in 2024 due to production constraints
- Boeing’s 777X jet faces potential delays with deliveries possibly slipping from late 2026 into 2027
Boeing stock climbed 4.2% to $222.54 on Friday following a major aircraft order from Turkish Airlines. The deal came after Turkish President Tayyip Erdogan met with President Trump at the White House on Thursday.
Turkish Airlines confirmed it will purchase 75 Boeing 787 twin-aisle jets. The order includes 50 firm purchases and 25 options. The Turkish carrier is also negotiating to buy up to 150 smaller 737 MAX aircraft.
The timing wasn’t coincidental. Trump has become an effective advocate for Boeing in international trade discussions. The president has helped secure orders from the U.K., Korea, and Japan through his diplomatic efforts.
Boeing didn’t stop there this week. Norwegian Group placed an order for 30 737 MAX jets on Thursday. Earlier in the week, Uzbekistan Airways ordered up to 22 aircraft. A U.S. official said Boeing is close to landing a major order from China.
Turkish Airlines is negotiating with engine suppliers for both aircraft types. Talks with CFM International continue for the 737 MAX engines. Discussions with Rolls-Royce and GE Aerospace cover the 787 engines.
Stock Performance Shows Mixed Signals
Boeing shares are up 21% year-to-date entering Friday’s trading session. However, September has been rough for the stock. Shares dropped about 9% this month, which historically tends to be weak for Boeing.
The stock performance reflects investor uncertainty about Boeing’s execution capabilities. Orders are flowing in, but production remains a challenge.
Production Challenges Persist
Boeing delivered fewer than 350 aircraft in 2024. Quality problems with the 737 MAX line constrained production throughout the year. This compares poorly to Boeing’s 2018 peak of over 800 deliveries.
Wall Street analysts project 580 deliveries for 2025. They expect 675 deliveries in 2026. Boeing won’t return to 2018 delivery levels until 2028, according to analyst forecasts.
The company has accumulated firm orders for 725 jets through August 2025. This represents a jump from 250 orders over the same period in 2024. Boeing’s total backlog exceeds 6,500 unfilled orders.
Boeing faces potential headaches with its 777X program. The large twin-aisle jet still lacks regulatory certification. Initial deliveries could slip from late 2026 into 2027.
Delays on the 777X could trigger financial charges. Airlines typically seek compensation when manufacturers miss delivery schedules. Boeing has already faced costly delays on this program.
Turkish Airlines is negotiating engine procurement deals with multiple suppliers for its new Boeing order.
