Boeing gets 10 additional orders for 737 MAX 8 planes valued at $1.2 billion from SunExpress

Boeing Co. BA, +1.15% said Monday that SunExpress is exercising options for 10 additional 737 MAX 8 airplanes, with a value of $1.2 billion according to list prices. The order adds to the previous 32 MAX planes ordered by SunExpress. Boeing's stock edged up 0.3% in premarket trading. The air carrier offers non-stop services between Europe and Turkey and other destinations in the Mediterranean, the Black Sea, North Africa and the Red Sea.

"We regret the impact the MAX grounding has had on SunExpress and their passengers," said Stan Deal, CEO of Boeing Commercial Airplanes. "The Boeing team is working hard to safely return the airplane to service and providing the capacity for SunExpress to continue serving as the backbone of air travel in the Turkish tourism industry." Boeing's stock has gained 15.3% year to date through Friday, while the Dow Jones Industrial Average DJIA, +0.80% has climbed 20.1%.

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