United Airlines buys 25 additional Boeing 737 Max jets in vote of confidence in the planes

A United Airlines Boeing 737 Max 9 plane lands at San Francisco International Airport.

Justin Sullivan | Getty Images

United Airlines is shopping for 25 additional Boeing 737 Max planes and taking supply of different orders sooner than beforehand deliberate because it prepares for a restoration in journey demand, the service stated Monday.

“As we plan for the future and the return of demand, we’ve been looking at ways to best position our fleet for the recovery and be in a position to best take advantage of people’s desire to travel,” Andrew Nocella, United’s chief industrial officer, stated in a be aware to workers.

In addition to the 25 Boeing 737 Max planes which are slated for supply in 2023, the Chicago-based airline stated it moved up the supply of 40 different Max jets to 2022 and 5 others to 2023. In whole, United has agency commitments for 188 Maxes, in line with a securities submitting Monday.

The vote of confidence in the jetliner comes simply months after the Federal Aviation Administration lifted its ban on the planes following two lethal crashes. United, which had 14 Boeing Max 9 jets in its fleet at the time of the March 2019 grounding, began receiving the planes from Boeing once more in December, the first service to take action. It began industrial flights with these jets final month.

United misplaced greater than $7 billion final yr because it struggled, like different airways, in the Covid-19 pandemic. Travel demand is anticipated to stay weak in the first half of the yr. United stated in the submitting that it expects its first-quarter capability to be down a minimum of 51% in contrast with the similar quarter of 2019.

But the airline is now making ready for a restoration with vaccine distribution selecting up.

“And as the end of the pandemic nears and vaccines continue to roll out, today’s fleet announcement helps position us to meet the demand we expect to see in 2022 and 2023 and puts us on a path toward more opportunities for our employees in the future,” wrote Nocella.

Boeing shares rose 5.8% on Monday to shut at $224.39, whereas United’s gained 1.2% to finish at $53.31 throughout a broad stock-market rally.

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