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Bloomberg
Boeing Co rose after Southwest Airlines Co ordered 100 of the smallest version of the 737 Max, cementing a half-century relationship and ending a public flirtation with Airbus SE.
The deal for Max 7 planes strengthens Boeing’s first-quarter sales as well as its campaign to bolster its single-aisle aircraft program after two fatal crashes spurred a record flying ban for a US jetliner.
Southwest signalled its willingness to take buyer-less jets known as “white tails†to
help clear the planemaker’s bloated inventory of undelivered Max aircraft.
The airline, meanwhile, will get a sweet deal as it nearly doubles its Boeing orders and commitments. Adding 169 new Max 7 and 8 models over the next five years will require outlays of just $5.1 billion, Southwest said.