United Seeks Savings With $14.7B Boeing Order |
| Businessweek - Jul 12, 2012 |
United Continental Holdings Inc. (UAL) (UAL) ordered 150 single-aisle jets with a catalog value of $14.7 billion from Boeing Co. (BA) (BA) as the world’s largest airline works to cut its fuel bill by replacing older, less efficient planes.
United agreed to buy 100 737 Max 9 jets, making it the first North American customer for the biggest, most expensive version of Boeing’s revamped narrow-body jet, as well as 50 737-900ERs. The planes will be delivered from 2013 through 2022, the airline said today at its Chicago headquarters.
The Max is about 13 percent more fuel efficient than current 737s and the 900ER 15 percent better than the Boeing 757-200s it will replace, the airline said. United is the last of the four biggest U.S. carriers to upgrade its single-aisle jets in the past year, and a $12.4 billion fuel bill was its largest expense in 2011, about 36 percent of total spending.
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- Posted: 2012-07-12 13:58:42
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