Previous close | 22.81 |
Open | 22.19 |
Bid | 23.90 |
Ask | 24.30 |
Strike | 175.00 |
Expiry date | 2025-03-21 |
Day's range | 22.00 - 22.19 |
Contract range | N/A |
Volume | |
Open interest | 176 |
Boeing is under pressure to restore slumping production of its strong-selling narrowbody jet to 38 per month in the second half of the year as the planemaker's credit rating comes under scrutiny from rating agencies. The company is pressing its key supplier Spirit Aero to improve the quality of the fuselages it produces for the MAX at a higher rate for the second half of the year. Boeing is in talks for a tie-up with Spirit, which is scheduled to report earnings on May 7.
If Embraer is working on such a project, Boeing would have a new competitor while it struggles with its latest safety crisis and production issues.
Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and Airbus, saying it has no plans for a major cycle of spending. The Wall Street Journal reported that the world's third-largest planemaker is exploring options for a narrowbody jet to break out of its regional niche and "compete head-on" with the best-selling Boeing 737 MAX and Airbus A320neo families.