Boeing Company

Add to Portfolio
-7.85 (-2.36%)
as of Jan 17, 2020

United buying 50 Airbus jets to replace older Boeing planes

AP - Tue Dec 03, 07:33PM EST

Related Stocks

Market Last Change
United Continental Holdings 89.70 +0.16
Boeing Company 324.15 -7.85

CHICAGO (AP) — United Airlines will replace some of its older Boeing planes with 50 new Airbus jets starting in 2024.

Chicago-based United announced Tuesday that it placed an order for Airbus A321XLR jets, a long-range version of the European company’s single-aisle A321neo. They will eventually replace United’s 53 Boeing 757-200s.

Terms weren’t released. United also will delay delivery of larger Airbus A350s.

The decision is a setback for Boeing, which is also based in Chicago and is reeling from the grounding of its 737 Max jets after two deadly crashes.

United Chief Commercial Officer Andrew Nocella says the Max doesn’t have the range of the A321XLR and Boeing hasn’t decided whether to build a new mid-size plane.

He says United will use the Airbus jets mostly between the East Coast and Europe.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.