Alaska Airlines, Boeing in $5 billion deal

Alaska Airlines will buy 50 Boeing 737 single-aisle jetliners under a $5 billion deal, the largest purchase in the carrier's history, the companies said on Thursday.

"This order positions us for growth and ensures that we'll continue to operate the quietest and most fuel-efficient aircraft available for the foreseeable future," said Alaska Airlines president and CEO Brad Tilden.

The Seattle-based airline, which runs an all-Boeing fleet, will buy 20 737 MAX 8s, 17 737 MAX 9s and 13 Next-Generation 737-900ERs, under the contract.

The new airplanes will be used to replace older aircraft and to support the airline's anticipated growth, the company said.

"We value our longstanding relationship with Boeing and look forward to painting 'Proudly All Boeing' on the nose of our aircraft for many, many years into the future," Tilden added.

The 737 is a well-known and fuel-efficient workhorse mid-range aircraft in the aviation industry and the Seattle airline already operates 120 of them.

"The 737 MAX will be a great addition to Alaska Airlines' all-Boeing 737 fleet," said Boeing Commercial Airplanes president and CEO Ray Conner.

"It will build on the strong record of operational and financial performance that Alaska Airlines has established with the 737 family," he added.

Alaska Airlines, is a subsidiary of the NYSE listed Alaska Air Group, and together with partner airlines, it serves 95 cities, with its hub at Seattle-Tacoma International Airport.

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