JERUSALEM, June 10 (Reuters) - Israel's El Al Israel
Airlines said on Monday it would acquire around 30
Boeing 737MAX aircraft to renew its short-haul fleet in a
deal estimated to be worth between $2 billion-2.5 billion.
The carrier said deliveries would begin in 2027 and would be
spread out over several years.
Earlier this month Boeing ( BA ) and its European rival Airbus
were locked in negotiations with the Israeli flag
carrier for the order to replace and expand El Al's fleet of
narrow-body jets.
El Al operates an all Boeing ( BA ) wide-and narrow-body fleet, but
had also been assessing Airbus' A321 neo jets.
The deal is a boost to Boeing ( BA ), which is wrestling with a
safety crisis exacerbated by a January mid-air panel blowout on
a near-new 737 MAX plane operated by Alaska Airlines.
Following the Alaska Airlines incident on Jan. 5, U.S.
regulators have curbed the company's production ceiling.
Boeing ( BA ) is also under renewed scrutiny from the U.S. Justice
Department, which is weighing whether to advance criminal
charges against the company for violating a non-prosecution
agreement stemming from the two fatal crashes involving the MAX.
El Al CEO Dina Ben Tal Ganancia told Reuters earlier this
month she believed Boeing ( BA ) had no other choice than to transform
the company and fix the many issues it faces.
Boeing ( BA ) CEO Dave Calhoun recently reiterated the planemaker's
commitment to safety and transparency, especially in the wake of
the Alaska Airlines incident, saying Boeing ( BA ) was now a
"different" company.