2024 08 15 155305
El-Al Israel Airlines formally signed a deal for the purchase of up to 31 737 MAX aircraft from Boeing. The agreement includes 20 firm orders and 11 options. The deal was announced earlier this year and has now been firmed by both parties. At list prices, the deal could be worth as much as $2.5 billion.
“This is a significant milestone for EL AL, which will allow us to offer our customers the most advanced service and technology experience in the industry,” said Dina Ben-Tal Ganancia. CEO EL AL Israel Airlines. “The implementation of the long-term procurement plan, which began with the purchase of additional 787 Dreamliners earlier this year and culminates in the current deal, once again demonstrates our commitment to the Israeli public and the state.”
Ben-Tal Ganancia added: “EL AL has a central role in ensuring open skies for Israel. The implementation of our strategic plan – which aims to expand the fleet, increase the value proposition for customers and increase capacity and seating – will ensure a strong and growing company for many years to come.”
“We are honored EL AL has chosen Boeing airplanes to power its past, present and future as we continue to build on seven decades of partnership,” said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. “We know EL AL depends on the versatility and reliability of Boeing airplanes, and we look forward to delivering the 737 MAX and 787 Dreamliner jets that will reshape and grow the airline in the coming decades.”
The new aircraft will replace the current 737-800 and 737-900 fleets used for short-haul operations. Deliveries are expected to begin in 2028. The airline may bring forward operations with several 737 MAX aircraft as early as 2027 through dry leases.
