Allegiant Air buys 50 new Boeing 737 MAX jets in strategy shift By Reuters

Allegiant Air buys 50 new Boeing 737 MAX jets in strategy shift By Reuters
Allegiant Air buys 50 new Boeing 737 MAX jets in strategy shift © Reuters. FILE PHOTO: The first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018. REUTERS/Jason Redmond

By Eric M. Johnson and Rajesh Kumar Singh

SEATTLE (Reuters) -U.S. low-cost carrier Allegiant Air confirmed plans on Wednesday to buy 50 new Boeing (NYSE:) 737 MAX jets worth $5.5 billion at list prices in a switch of supplier and strategy as it gears up for a post-pandemic rebound in tourism.

The order marks what one analyst, reacting to purchase plans first reported by Reuters https://www.reuters.com/business/aerospace-defense/exclusive-us-carrier-allegiant-air-buy-50-boeing-737-max-jets-sources-2022-01-04 on Tuesday, called a stark change of approach by the fast-growing domestic carrier, which had previously relied mainly on used Airbus aircraft.

Allegiant “has experienced one of the strongest recoveries of U.S. airlines,” Jefferies analyst Sheila Kahyaoglu wrote, adding that the order is evidence of post-pandemic confidence…

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