Delta Air Lines has agreed to a deal with Boeing to buy up to 130 737 MAX-10 single aisle commercial airplanes as the carrier plans to refresh its narrow-body fleet.
The deal was signed at this week's Farnborough International Airshow and consists of a firm order for 100 planes plus options for 30 more. Deliveries are slated to begin in 2025.
The order is worth approximately $13.5 billion as list prices, although airlines who place any kind of volume on an order typically get a price break.
For Delta, it's their first major plane order with Boeing in more than 10 years. For Boeing, the order is a much-needed boost to the company's order book and no doubt morale as their rival Airbus has won recent orders in China.
Delta CEO Ed Bastian said:
"The Boeing 737-10 will be an important addition to Delta's fleet as we shape a more sustainable future for air travel, with an elevated customer experience, improved fuel efficiency and best-in-class performance," said Ed Bastian, Delta's chief executive officer. "These new aircraft provide superior operating economics and network flexibility, and the agreement reflects our prudent approach to deploying our capital."
Boeing is hoping to win FAA approval for the Max 10 model before the end of the year. This is the largest of the narrow-body Max family, and it doesn't yet have that approval. However, lawmakers could provide Boeing with a waiver if they don't meet the new regulation that requires all new planes to be outfitted with a with a cockpit alert system.
The MAX-10 boasts fuel efficiency and has a reduced environmental impact, making it perfect for shorter routes around the world. It can seat up to 230 passengers and has a maximum range of 3,300 nautical miles.