Bamboo Airways signed a new Boeing deal and VietJet firmed up a provisional order of Boeing (BA) passenger jets during President Donald Trump's visit to Hanoi for his North Korea summit Wednesday.
XBamboo Airways will buy 10 more Boeing 787 Dreamliners. The firm order, on top of a prior order for 20 Boeing 787s, is worth nearly $3 billion.
"Our long-term vision is to connect Vietnam with key markets in Asia, Europe and North America and the Dreamliner will enable us to launch these long-haul operations," Bamboo's chairman Trinh Van Quyet said in a news release.
The Federal Aviation Administration last week declared Vietnam meets international aviation standards, opening up U.S. routes for the first time.
VietJet finalized an order of 100 Boeing 737 Max jets during Trump's summit. But the order was previously booked at the Farnborough Airshow last year, when the customer wasn't yet disclosed.
The total order for the planes is worth $13 billion at list prices, but airlines typically get discounts for large orders.
The carrier is interested in widebody jets for long-haul flights to California and other U.S. regions with large Vietnamese populations. But Trump's summit was likely too early to book a large order, sources told Reuters.
VietJet did sign a new $5.3 billion order with General Electric (GE) to service engines for the 200 Boeing 737 Max jets it has on order.
Other Trump Deals Priced Into Boeing Stock
Countries have used Trump visits to sign previously announced or provisional deals to show strengthened economic ties with the U.S.
China Aviation Supplies Holding signed a massive 300-plane order during Trump's visit to China in 2017. But that seemed to rehash old orders.
Singapore Airlines made a big deal of signing a previously announced $13.8 billion aircraft order from Boeing during Prime Minister Lee Hsien Loong's visit to the White House in 2017.
Boeing Stock Extended
Boeing stock rallied 2% to a fresh record high of 435.44 on the stock market today amid signs of progress on U.S.-China trade talks. President Trump tweeted that Sunday that he was delaying new China tariffs, citing "significant progress."
After breaking out last month from a handle with a 367.42 buy point as well as an original 373.80 entry, Boeing stock is now extended.
Shares of rival Airbus (EADSY) rose 0.8%, and GE added 2.1%.
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