Boeing Wins Massive New Southwest Order

Boeing (NYSE: BA) has won the order it couldn't afford to lose, as Southwest Airlines (NYSE: LUV) has agreed to buy 100 additional 737 MAX jets and added options for 155 more through 2029.

Southwest historically has been a Boeing operator, but the company last fall confirmed it was evaluating an Airbus (OTC: EADSY) jet as part of its growth plans. Southwest was said to be dissatisfied with the terms offered by Boeing and engine partner General Electric (NYSE: GE), leading it to shop around.

Image source: Southwest Airlines.

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Source Fool.com