Comair: Boeing order lifts share price

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Comair had ordered eight Boeing 737 MAX 8 aircraft with a list price of $830 million (R8.9 billion), it said yesterday, sending its shares up as much as 5 percent. Comair, which operates the budget airline, is the first African airline to order the new aircraft. The franchise partner for British Airways would take delivery of the first four planes in 2019 and the remaining four over the following two years, chief executive Erik Venter said. The airline, which will use the new planes to replace aging ones, has the option to take a further eight of the narrow-body aircraft that can seat 189 as currently designed. Comair expects to get the last four of an earlier order for eight 737-800 aircraft next year and in 2016. Comair shares rose 2.5 percent to R4.10 yesterday. – Reuters

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