Alaska Airlines agrees to buy 23 Boeing 737 MAX jets

FAA clears Boeing 737 Max to fly again after deadly crashes

The Federal Aviation Administration has rescinded its grounding order for Boeing’s 737 Max jet; FOX Business’ Grady Trimble with more.

Alaska Airlines has agreed to buy 23 Boeing Co 737 MAX 9 jets, the companies said on Tuesday, confirming an Oct. 8 Reuters report that the U.S. planemaker was in talks with Alaska to stimulate demand for the jet’s comeback.

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SOUTHWEST TO TAKE DELIVERY OF 35 737 MAX JETS THROUGH END OF 2021

TickerSecurityLastChangeChange %
ALKALASKA AIR GROUP50.11-0.09-0.18%
BABOEING COMPANY220.34+1.09+0.50%

An Alaska Airlines 737 comes in for landing at Portland International Airport in Oregon on Feb. 24, 2018. (iStock)

Tilden declined to discuss the final price tag, or whether France-based Airbus had submitted a rival proposal.

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The deal was expected to include significant discounts given the 737 MAX’s recent woes and plunging demand for airplanes during the coronavirus crisis, industry sources have said.

Even at a fraction of the MAX’s list price of $129 million, the deal could help Boeing to stem a cash hemorrhage caused by a stockpile of roughly 450 undelivered MAX jets.

SOUTHWEST CEO SAYS SOFTWARE ISSUES IN BOEING MODEL THAT CRASHED TWICE HAVE 'EASILY BEEN ADDRESSED'

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