Boeing Reportedly Nearing Huge Southwest Order
Boeing (NYSE: BA) is reportedly nearing a deal to sell dozens of its 737 MAX planes to Southwest Airlines (NYSE: LUV), locking up what has historically been one of its most loyal customers and keeping Southwest from adding Airbus (OTC: EADSY) jets to its fleet.
Since its inception, Southwest has only flown versions of the 737, but the airline has been shopping around on an order to replaces its aging 737-700s. It is likely to buy at least 300 planes to replace the 470 737-700s in its fleet, at a sticker price of about $100 million apiece.
Image source: Boeing.
Source Fool.com
