Boeing 717: Once a sales flop, now the world's hottest used jetliner
Its valuations and lease rates jump amid cheap fuel and Delta's decision to replace small regional jets
Washington
NINE years after production ended for Boeing Co's 717 jetliner, the former sales dud is one of the most sought-after aircraft in the world.
Boeing built just 155 of the 100-seaters, and most are near the age when airlines start thinking about a trade-in. But valuations and lease rates are soaring thanks to a mix of cheap fuel, Boeing's US$1.5 billion bet on ensuring the model stays in service and Delta Air Lines Inc's decision to use the plane as a replacement for its smallest regional jets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources