Boeing Delivers First 787 Dreamliner to United

Boeing (NYSE:BA) will deliver its first 787 Dreamliner to an American airline this week.

The new airplane will be flown to United Continental‘s (NYSE:UAL) Houston, Texas, terminal from Seattle, Reuters noted.

United Continental is slated to get five Dreamliners by the end of the year.

The Dreamliner uses carbon composite materials in its airframe, reducing its weight and yielding fuel savings for carriers.

While United Continental is the first U.S. airline to receive the plane, other worldwide carriers are already using Dreamliners, including All Nippon Airways, which recently ordered 11 more Dreamliners for $3.3 billion, LAN Airlines, Air India and Japan Airlines.

United Continental has placed orders for a total of 50 Dreamliners.

The airline will deploy its newest jet in a training program for a month before it begins carrying passengers.

Shares of United Continental were flat in Tuesday afternoon trading, while Boeing drifted fractionally lower.

Earlier this week, Boeing said that it would incorporate technology into its Dreamliner jets to permit passengers to use cellular phones and Wi-Fi starting next year.

Article printed from InvestorPlace Media,

©2021 InvestorPlace Media, LLC