EL AL Israel Airlines is acquiring up to 31 new Boeing 737 MAX jets as it begins the process of renewing its narrow-body aircraft fleet. The order calls for 20 737 MAX 9 jets, estimated at $1.5 billion, and it includes purchase options for 11 more of the same models, pushing the potential value to $2.5 billion.
Boeing noted that the order will be the largest in the airline’s 76-year history.
"EL AL has a central role in ensuring open skies for Israel,” according to CEO Dina Ben-Tal Ganancia. “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."
The 737 MAX order follows EL AL's purchase of three 787-9 Dreamliner widebody jets earlier this year, taking options for six more.
Reportedly, deliveries for the new 737 MAX jets will begin in 2028.
