Delta’s Ultra-Cheap Used 777 Hits Boeing's Stock Hard
Skift Take
If one cheap plane can sink your stock you have bigger issues to deal with.
Boeing Co. shares dipped Thursday after Delta Air Lines Inc. revealed it is purchasing a used 777 jetliner for $7.7 million, reviving concerns that plunging values for some wide-body models might signal that their market has peaked.
Delta Chief Executive Officer Richard Anderson has sparred with the planemaker, analysts and lessors over the values for decade-old 777-200 family jets, a version of Boeing’s best- selling twin-aisle model. Anderson said in October that Delta had been offered the jets for
