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