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Southwest close to order for up to 100 737 MAX 7s?

Boeing nears 737 MAX order from Southwest worth billions -sources

Article content The potential Southwest deal comes after Alaska Airlines agreed in December to buy 23 737 MAX 9 jets following a lifeline order from European budget airline Ryanair for 75 of the narrowbodies. Southwest Chief Executive Gary Kelly said in November that the company wanted to make a decision soon about refreshing its aging 737-700 jets with 143 seats and was debating between the Boeing 737 MAX-7, which has yet to be certified, or the A220, which would mean a shift away from its all-Boeing fleet for the first time. Speaking at an Aero Club of Washington virtual luncheon on Wednesday, Kelly said Southwest remained in negotiations with Boeing and reiterated the advantages to having a single fleet type, while acknowledging that the A220 is “a great plane.”

Exclusive: Boeing nears 737 MAX order from Southwest worth billions - sources

The proposed deal follows speculation of a faceoff between the smallest member of Boeing’s MAX family and the A220 from Airbus. Each 737 MAX 7 carries a list price of roughly $100 million, though such jets usually sell for less than half their official value with typical market discounts, according to aircraft industry sources. The exact terms of any deal and the timing of a possible announcement were not clear. Boeing shares gained 6.4% to close at $245.34 on Wednesday. Southwest shares dipped 0.7% to close at $58.51. The potential Southwest deal comes after Alaska Airlines agreed in December to buy 23 737 MAX 9 jets following a lifeline order from European budget airline Ryanair for 75 of the narrowbodies.

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