Allegiant Air places order for 50 737 MAXs with Boeing

It’s now official. Allegiant Air has ordered 50 737 MAX aircraft from Boeing. This order, which is split between 737-7 and 737-8-200, comes with an option for 50 additional aircraft. On the stock market, investors appreciate. Boeing stock climbs 1.8% to $ 217.38, while at the same time, the Dow Jones is up 0.3%.

With this order, Allegiant Air seeks to boost its capacities in order to take advantage of the rebound in post-crisis tourism. These new devices will also be more economical in terms of fuel consumption.

This acquisition strategy is a significant change for the low-cost US airline. Until then, its fleet had in fact consisted mainly of used Airbus aircraft.

If the resumption of air transport is looming, the International Air Transport Association (IATA) has revised downwards its traffic forecasts for 2021. In 2021, air traffic should represent 43% of its pre-Covid level. 19, according to the latest forecast from IATA, which previously predicted 51%. Not all companies will benefit equally from the takeover.

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