Benzinga | Nov 2, 2021 10:50AM EDT

Maersk Orders Two Boeing 777 Freighters

* Boeing Co (NYSE:BA) has received an order for two 777 Freighters from A. P. Moller Maersk A/S (OTC:AMKBY). Financial terms were not disclosed.

* The freighters will be operated by Star Air, Maersk's in-house aircraft operator, and is the company's first 777 order. Star Air currently operates an all-Boeing 767 Freighter fleet.

* The 777 Freighter offers 17% better fuel efficiency and reduced CO2 emissions compared to legacy airplanes. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum revenue payload of 102,000 kilograms, allowing Star Air to make fewer stops and reduce landing fees on long-haul routes.

* Price Action: BA shares are trading lower by 0.43% at $213.65 during the premarket session on Tuesday.