Alaska Air boosts Boeing 737 orders and options to 120, to ‘largely’ replace Airbus fleet

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Alaska Air Group Inc. said Tuesday it will buy 23 more 737-9 planes from Boeing Co. , to raise the total number of orders and options for 737 MAX planes to 120. Boeing’s stock rallied 1.8% in premarket trading and Alaska Air shares jumped 1.6%. The delivery schedule for the 68 firm orders, is 13 planes in 2021, 30 in 2022, 13 in 2023 and 12 in 2024. The air carrier said the planes will “largely replace” its fleet of Airbus SE planes. Alaska Air has an option to buy an additional 52 planes. “We believe in this airplane, we believe in our strong partnership with Boeing, and we believe in the future of Alaska Airlines and the incredible opportunities ahead as we climb our way out of this pandemic,” said Alaska Air Chief Executive Brad Tilden. Alaska Air’s stock has rallied 32.6% over the past three months and Boeing shares have climbed 39.9%, while the Dow Jones Industrial Average has gained 11.4%.
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