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United orders 270 new jets in sign of optimism for air travel

United orders 270 new jets in sign of optimism for air travel

CBSN
Tuesday, June 29, 2021 04:38:54 PM UTC

United Airlines said Tuesday that it is ordering 200 Boeing Max jets and 70 Airbus planes so it can replace some of its aging planes and grow after the pandemic eases.

At list prices, the deal would be worth more than $30 billion, although airlines routinely get deep discounts, sometimes more than half, according to analysts. United declined to disclose terms. It is one of the largest orders ever for commercial planes and underscores that airlines see a recovery underway and expect to return to the profitability they enjoyed before the pandemic crushed air travel more than a year ago.
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