Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Alaska Airlines leases 13 Boeing 737 MAX jets after ungrounding

11/23/2020 | 01:40pm EST
FILE PHOTO: An Alaska Airlines Boeing 737 plane is shown on final approach to land in San Diego

(Reuters) - Alaska Air Group Inc said on Monday it would lease 13 new Boeing 737 MAX 9 planes from aircraft lessor Air Lease Corp, handing its traditional jet supplier a boost less than a week after Boeing won U.S. approval to fly the MAX again.

Alaska also disclosed plans to sell 10 Airbus A320s to Air Lease, reducing its reliance on European jets inherited from a takeover of Virgin America and moving back towards being a carrier that labeled its jets "Proudly All Boeing". (https://prn.to/3m3XYxS)

The deal is seen as Boeing's opening shot together with an influential lessor in a campaign to rehabilitate the 737 MAX, which was grounded for 20 months following two fatal accidents.

The U.S. planemaker is trying to secure eye-catching deals with other major carriers to sell the 737 MAX at heavily discounted prices to help rebuild what was once its fastest-selling product, industry sources said.

Boeing has identified Alaska Air as one of the candidates to buy the 737 MAX jet along with Southwest Airlines, Delta Air Lines and Ryanair, the sources said.

In an interview with the Financial Times on Sunday, Delta Air Lines' Chief Executive Officer Ed Bastian hinted at the possibility of purchasing 737 MAX planes. Delta currently does not have the aircraft in its fleet.

Alaska Air, which is based in Boeing's main commercial factory city of Seattle, said it expects deliveries of the 13 737 MAX jets to start from the fourth quarter of 2021 and continue through 2022.

The company's 13 leased 737 MAX aircraft will be in addition to the 32 737 MAX jets it currently has on order with Boeing, Alaska Air said, adding that it expects to be flying five 737 MAX planes by summer of 2021.

Reuters in October re
ported that Boeing was in discussions to sell 737 MAX jets to Alaska Air. (https://reut.rs/3pSKcAg)

(Reporting by Ankit Ajmera in Bengaluru and Tim Hepher in Paris; Editing by Amy Caren Daniel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIR LEASE CORPORATION -4.31% 43.28 Delayed Quote.-2.57%
AIRBUS SE -0.75% 92.55 Real-time Quote.3.09%
RYANAIR HOLDINGS PLC 0.25% 15.8 Real-time Quote.-2.80%
SOUTHWEST AIRLINES -4.42% 46.66 Delayed Quote.0.11%
THE BOEING COMPANY -2.66% 204.32 Delayed Quote.-1.94%
Latest news "Economy & Forex"
12:54pItaly public debt to hit new post-war record in 2021 at 158.5% of GDP - source
RE
12:17pVenezuela slams U.S. court approval of Citgo parent sale as 'fraudulent'
RE
12:15pThe Five Biggest Issues for Technology Companies -2-
DJ
12:15pThe Five Biggest Issues for Technology Companies in 2021
DJ
11:28aMUNICH RE : Blockchain Initiative B3i gains truly international scope
PU
11:08aCENSUS BUREAU DATA : Retail Sales Off in December
PU
09:33aExpo organisers prepare to hold Dubai event delayed by coronavirus
RE
09:14aBERMUDA MONETARY AUTHORITY : Press Release - Bank of Nevis Warning
PU
08:49aUK eyes one-off COVID-19 grant instead of permanent benefit hike - Times
RE
08:26aDistrust, division and doubt cloud Palestinian election call
RE
Latest news "Economy & Forex"