News has emerged in the last hour that El Al Israel Airlines will be purchasing 30 Boeing 737 MAX aircraft.
Information is limited surrounding this order, but below is what we know on this so far.
Without further ado, let’s get into it…
El Al To Order 30 Boeing 737 MAX Aircraft…
As per Reuters journalist Steven Scheer, it is understood El Al will order 30 Boeing 737 MAX aircraft.
It is unclear what variation of the MAX will be ordered.
What we do know the valuation is at around $2-2.5bn.
Furthermore, it is understood that deliveries of the aircraft will begin in 2027.
Such an order also continues to back up the airline’s position on remaining all-Boeing throughout this.
El Al have been busy with aircraft acquisition over the course of the first quarter of this year.
Via their investor presentation, the airline has also purchased three more Boeing 787 Dreamliner aircraft.
Of that three, there is also options to purchase an additional six.
So all of this brought together represents a growth strategy that the Israeli airline is taking at present.
Shlomi Zafrany, the El Al Chief Commercial Officer said the following on this:
“We are pleased and excited to announce a significant milestone in EL AL Israel Airlines journey towards a major deal that will expand our fleet and increase our growth potential.”
“Despite the complex reality we are experiencing, we continue to focus on the future of the company and work towards realizing our long-term strategic plan.”
“We believe we have brought an excellent deal to the table that will continue to enhance our customer experience.
“In line with our strategic plan to refresh and expand our narrow-body aircraft fleet, the company’s Board of Directors has approved entering into exclusive negotiations with Boeing and aircraft leasing companies for the purchase and lease of approximately 30 Boeing 737 MAX aircraft.”
The Political Equation…
As noted by Scheer, it is understood that this was an easy sale for Boeing to achieve with the 30 737 MAX aircraft.
Furthermore, as he states, the airline had no choice but to choose the U.S, given the close relationship between the two countries.
Airbus having an uphill battle would come as no surprise in that regard.
Either way though, this is another big sale for the American planemaker as they continue to deal with struggles surrounding production and safety concerns.
Overall…
This represents another solid order for Boeing with El Al ordering 30 737 MAX aircraft.
Further information surrounding the variants and representative statements will no doubt follow in the days ahead.
With deliveries beginning in 2027, there is still a while for the airline to wait, but this could provide strong growth in the medium term.
As soon as we acquire more information pertinent to this order, we will update you accordingly at the bottom of this article.
This remains a developing story.
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