Boeing wins order for four 777 Freighters from Turkish Airlines, boosting global air cargo market

From Nasdaq: 2024-07-05 13:21:00

Boeing secures order for four 777 Freighters from Turkish Airlines, enhancing global air cargo market position. Due to its high quality, Turkish Airlines repeats orders for 777 Freighters. The Boeing 777 Freighter has a payload capacity of 112 tons and range of 4,970 nautical miles, carrying 20% of global air freight.

The Freight Forwarding Market is projected to reach $215.1 billion by 2029, with Boeing’s 777-8 Freighter set to dominate demand. Airbus also enters the market with A330-200F models for mid-size and long-haul segments. Boeing’s shares outperform its industry, while Leidos offers a strong buying opportunity with impressive earnings growth potential.

Amid rising demand, Boeing plans to introduce 777-8 Freighter with improved features. Zacks ranks Boeing as a #4 (Sell) stock, while Leidos holds a #2 (Buy) rank. Director of Research names a potential stock to double, targeting millennial and Gen Z markets. Investing in this stock could provide explosive upside benefits.



Read more at Nasdaq: Boeing (BA) Wins Turkish Airlines’ Four 777 Freighters Order