Aircraft demand is recovering as many more counties lifted their Covid restrictions, and it spreads from small jets to jumbo jets, and we are currently seeing a recovery in demand leading to wide fuselage orders as well. Recent examples include United Airlines Holdings' (UAL) Dreamliner order, Deutsche Lufthansa's (DLAKF) additional Dreamliner order, and Air India's order for the Boeing 787, Boeing 777X and Airbus A350 (EADSF) – just one month after Air India announced its own big order.

Boeing (BA) is currently producing 787s at low prices and still-low pace, but plans to produce 5 Dreamliners per month by the end of 2023 growing it to 10 units per month by 2025-2026. A total of about 210 orders from these ongoing inquiries will enter BA’s order book, securing 21 months of production, or almost two years, with an additional 16 months of production options. If those orders are also confirmed, Boeing will add 37 months or more than 3 years of production to its order book.

Recently, business media widely cited the news, that Boeing has finally secured orders for 787 Dreamliner jets with two Saudi Arabian airlines. Riyadh Air, an airline owned by Saudi Arabia's Public Investment Fund (PIF), will purchase 39 787-9s jets, with options for an additional 33 787-9s. Concurrently, state-owned Saudia Airlines will also buy 39 jets, with an option for another ten more units. In total, Saudi Arabian carriers announced their intent to purchase up to 121 787 Dreamliners in Boeing's 5th-largest commercial order by value. Meanwhile, state-owned Saudia will also buy 39 jets, with an option to buy 10 more. Overall, Saudi Arabian Airlines announced its intention to purchase as many as 121,787 Dreamliners, Boeing's fifth-largest commercial order by value.

Through a new airline called Riyadh Airways, Saudi Arabia aims to attract 100 million tourists a year and serve 100 destinations by 2030. Saudi Arabia plans to build an airport in Riyadh that will handle 185 million passengers a year by 2050, and they need new aircraft to make it happen. To this end, Riyadh Airways will order 39 Boeing 787-9s, with an option to purchase 33 more jets.

Buying up Boeing stock from these levels around $207 apiece, representing a one-year high previously achieved in January 2022 at still-negative P/E and P/B, negative operating cashflow and total debt to the tune of $57.20 billion against just under $17 billion in revenues, might be a risky decision given current overall stock market lack of stability. However, there might be a good entry point for really long-term investors who look to cash out not earlier than 2025.