Boeing says American Airlines orders 85 737 MAX jets

Boeing (BA) and American Airlines (AAL) announced the carrier will further modernize its global fleet with its first order for the largest 737 MAX airplane. American is committing to 115 of the 737-10 model, which includes a new order for 85 jets and a conversion of a previous order for 30 of the smaller 737-8 variant. The airline is also announcing options to purchase 75 additional 737-10 jets in the future. “Over the past decade, we have invested heavily to modernize and simplify our fleet, which is the largest and youngest among U.S. network carriers,” said American’s CEO Robert Isom. “These orders will continue to fuel our fleet with newer, more efficient aircraft so we can continue to deliver the best network and record-setting operational reliability for our customers.” With this agreement, American will more than double its 737 MAX order book from about 70 airplanes to more than 150.