Boeing Lands Another 737 MAX Order From Alaska Airlines
Last month, Alaska Air (NYSE: ALK) continued its journey back toward an all-Boeing (NYSE: BA) fleet. The Alaska Airlines parent agreed to sell the 10 Airbus (OTC: EADSY) A320s it owned to aircraft leasing company Air Lease in exchange for entering long-term leases for 13 737 MAX 9 jets. On Tuesday, Alaska took an even bigger step toward returning to a single fleet type. The airline announced an agreement to buy 23 additional 737 MAX 9s -- along with 15 options -- which will allow it to retire the last of its A320s in 2023. Let's see what this deal means for Alaska Air and Boeing.
Alaska Airlines doesn't have any 737 MAX jets in its fleet today, but as of mid-November, it had 32 firm orders with Boeing. The agreement with Air Lease late last month expanded its order book to 45 737 MAX 9s. Most of those jets were scheduled for delivery in 2021 and 2022.
Image source: Boeing.
Source Fool.com
