Southwest Airlines agrees to buy 100 of Boeing's smallest 737 Max model
Publishing timestamp: 2021-03-29 11:03:21
Summary
Southwest Airlines agrees to buy 100 Boeing 737 Max 7 planes and convert 70 firm orders for Max 8 planes to Max 7s, showing confidence in Boeing despite previous considerations of adding Airbus A220 planes to fleet. Southwest will maintain an all-Boeing 737 fleet and take delivery of first 30 Max 7 planes in 2022. Boeing shares rose while Southwest shares ended lower.
Sentiment: MIXED
Tickers: UAL, ALK, LUV, BA, RYA-IE,
Keywords: alaska air group inc, spirit aerosystems holdings inc, united airlines holdings inc, business, investment strategy, airlines, aerospace and defense industry, transportation, s&p 500 index, business news, boeing co, southwest airlines co, ryanair holdings plc, markets,
Source: https://www.cnbc.com/2021/03/29/southwest-airlines-adds-100-orders-for-boeing-737-max-jet.html