Gains after winning first 2020 order for grounded 737 MAX jet

Enter Air SA

19/08/2020 19:06

** U.S. planemaker's shares  BA.N  up about 1% at $171.60;
stock gains after two straight sessions of losses
    ** BA says wins first order for its grounded 737 MAX
aircraft this year, after Poland's Enter Air SA  ENTP.WA  agrees
to buy up to four variants of the jet  urn:newsml:reuters.com:*:nNDL2nTnkS
    ** Enter Air places a new order for two 737-8 aircraft with
options for two more jets
    ** When the purchase agreement is fully exercised, Enter
Air's 737 MAX fleet will rise to 10 aircraft, BA says
   ** Enter Air says inks a deal with Boeing to address the
impact from the 737 MAX grounding, and defer deliveries of
previously ordered MAX airplanes in response to weak air travel
demand due to COVID-19 pandemic
    ** Enter Air took deliveries of two 737 MAX planes in 2018
and currently has four unfilled orders for the jet
    ** YTD, Boeing's shares have fallen over 47%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))