United Airlines Announces Buying 100 Boeing Planes, Share Prices Surge Over 2%

United Airlines officials made an announcement on Monday about their plans of buying more planes. They are planning to buy 100 Boeing jets and have plans of buying 100 more.

United Airlines Goes on Boeing Shopping Spree

The officials at United Airlines announced that they are going to buy 100 Boeing jets and these will be the Boeing 787 Dreamliners.

In addition to the above, they are also going to buy 100 more new jets. The plan is to replace the less fuel-efficient and old planes with new ones. They also want to fly these planes to the longest routes.

The company has revealed that they have several planes among their fleets that are decades old. Therefore, it is time to find their replacements so they want to go for the most suitable options.

The Boeing 787 Dreamliners are highly fuel-efficient so they will be perfect for the longest routes they are currently managing.

Boeing Wins the Jackpot

The latest announcement made by United Airlines is no less than a jackpot prize win for Boeing. In the past couple of years, Boeing has been on the lookout for redeeming its lost credibility in the market.

The largest manufacturer of commercial planes found itself facing a troublesome situation in late 2020 and throughout the year 2021. This happened because several Boeing planes ran into accidents.

There were cases where Boeing jet engines caught fire and there were jets losing their parts over the cities.

Boeing ended up raising many flags and the regulators had to question the company’s standpoint on the matter. The company was issued with new guidelines and regulations that it had to practice and comply with.

It seems that Boeing now has the opportunity of proving its potential in the aviation market by providing United Airlines with perfect jets.

United Airlines is a Huge Customer

It is an opportunity for Boeing to prove its specialties once again providing quality jets to one of its largest customers.

United Airlines has started to record a great recovery in its profits and revenues with the flights coming back to normal.

Throughout the year 2020 and the early part of 2021, United Airlines faced huge losses like the rest of the aviation companies due to the pandemic.

With the pandemic fading away from the world, the aviation sector has come back to its pre-pandemic levels. Now is the time to recover from the losses and United Airlines is doing just that.

The airline company is focused on bringing in the most advanced and fuel-efficient planes so it can adjust the fairs according to that.

The company wants to attract more passengers to its side and for this purpose, it needs planes that are highly efficient and new.

This is where Boeing comes into the picture offering a new fleet of 100 confirmed Boeing jets and 100 jets in reserve.

International Demand is back

As communicated by United Airlines officials, they have also recorded a great rebound in international flights. Therefore, they want to make the most out of it with the new fleet of jets.

They will be adding their new planes to the longest routes and bringing in as many sales and revenues as possible.

As the fuel costs keep fluctuating, the airline company has come up with the right solution of buying fuel-efficient jets. This way, the company will be able to passively decrease its fuel demand and costs.

Largest Order Ever Placed

The United Airlines officials boasted about the company ordering 100 Boeing jets, the largest order ever placed in the history of commercial jet purchases.

The company has announced it will be replacing some of its Boeing 777s and Boeing 767s with the new Dreamliners.

As per reports, the 100 planes will be delivered to the United Airline by Boeing over a span of 8 years. The planes will be delivered in batches from 2024 to 2032.

After the announcement, the share prices for United Airlines surged by 2.79%. Boeing’s shares also surged by 3.75% in the Tuesday trading session.

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