UK's Historic Boeing Deal: $10 Billion Airplane Purchase Unveiled

The UK has announced a $10 billion purchase of Boeing planes as part of a new trade deal with the US. The specific details remain vague, including whether the purchase involves firm orders or options. Boeing's backlog for the UK already includes 149 planes.

The United Kingdom is set to make a major purchase of Boeing planes worth $10 billion, U.S. Commerce Secretary Howard Lutnick announced during a bilateral trade deal discussion on Thursday. However, the specifics of the agreement remain largely unspecified.

This significant order is poised to increase Boeing's existing backlog of 149 planes scheduled for UK purchasers. Lutnick noted this is a private-sector acquisition, deferring details to the airline involved. Although the White House shared a graphic outlining the $10 billion in 'aircraft parts' purchases, further information is lacking.

It remains uncertain what types of aircraft are included in the transaction and whether the order will comprise fixed contracts or options. Boeing has not commented on the matter, and British Airways is reportedly in discussions about expanding its fleet, potentially leaning towards either Airbus A350s or Boeing 787s.

(With inputs from agencies.)