Boeing wins $13bn Delta orders for MAX jets
US plane maker Boeing said it had won a $13.5bn order for 100 of its 737-MAX planes from Delta Airlines in a boost for the aerospace giant after the model was grounded as a result of two deadly crashes in 2018 and 2019.
Boeing Co.
$155.81
11:09 24/09/24
Delta Airlines Inc.
$47.80
11:04 24/09/24
Dow Jones I.A.
42,208.22
04:30 15/10/20
It is the first ever MAX order from the American airline, which has also taken out options for 30 more of the fuel-efficient planes. If Delta firms up the extra aircraft, it would raise the value of the deal to about $17.6bn before discounts.
In a separate statement at the UK’s Farnborough air show, Boeing said Japanese airline ANA had agreed to buy 20 of its smaller MAX 8 jets - worth $2.4bn - plus two 777-8 freight planes.
“The Boeing 737-10 will be an important addition to Delta’s fleet as we shape a more sustainable future for air travel, with an elevated customer experience, improved fuel efficiency and best-in-class performance,” said Delta chief executive Ed Bastian.
The 737 Max 10 jet, powered by CFM International's Leap-1B engines, will be 20% - 30% more fuel efficient than the retiring planes it will replace at Delta, the airline said, adding that it would start taking delivery of the first jets in 2025.