Posted on Tue, Dec. 13, 2011
last updated: December 13, 2011 12:05:09 PM
Southwest Airlines announced Monday morning that it will buy 150 Boeing 737 MAX and that it will be the first customer to receive the new re-engined aircraft in 2017.
The Dallas-based carrier said the aircraft will increase its fleet's fuel efficiency as it retires older 737 models.
"Today's environment demands that we become more fuel-efficient and environmentally friendly, and as the launch Customer of the Boeing 737 MAX, we have accomplished both," said Southwest chief executive Gary Kelly in a statement.
Financial details of the transaction were not released and Boeing has not unveiled the price tag of a Boeing 737 MAX. Current 737 next-generation models, which include the Boeing 737-700, 737-800 and 737-900 cost around $80 million a piece.
Southwest announced it is also purchasing an additional 58 Boeing 737 next-generation models and has substituted Boeing 737-800 models for all of its existing Boeing 737-700 aircraft deliveries in 2012 and 2013.
Read the complete story at star-telegram.com