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Boeing Seals Deal with EL AL Israel Airlines For 737 MAX Jets: Details

Boeing Company (NYSE:BA) shares are trading higher premarket Thursday. The company disclosed that EL AL Israel Airlines has finalized a deal for up to 31 737 MAX jets. El Al Israel Airlines inked a deal valued at up to $2.5 billion, reported Reuters. The Israeli flag carrier is supporting its fleet renewal plans for Next-Generation 737 aircraft. The 737 MAX family will enable EL AL to achieve the best per-seat economics in its class, enhance environmental performance, and improve passenger comfort. Specifically, the 737 MAX will reduce fuel consumption and emissions by 20% compared to the planes it replaces and have a 50% smaller noise footprint. EL AL’s 737 MAX order comes after ...