Canada’s WestJet places order for 42 Boeing MAX 10 planes

Sept 29 (Reuters) – Canada’s WestJet Group stated on Thursday it has positioned an order with Boeing Co (BA.N) for 42 MAX 10 jets in a deal valued at $5.67 billion at record costs, including to plenty of narrowbody orders secured by the U.S. planemaker this 12 months.

Boeing has a year-end deadline to win regulatory approval for the jet mannequin. In any other case, it should meet new cockpit alerting necessities below a 2020 regulation, until U.S. Congress waives it.

Boeing Chief Govt Dave Calhoun stated earlier this month there was nonetheless an opportunity U.S. regulators might approve the one aisle jet earlier than the deadline, however some prospects and analysts don’t assume there’s sufficient time remaining for the FAA to finish certification duties.

Calhoun advised Aviation Week in July that Boeing may very well be compelled to cancel the MAX 10 over potential regulatory points. learn extra

“WestJet has full confidence within the plane and has safety plans in place within the unlikely occasion of a delay,” the airline stated, when requested concerning the MAX 10’s certification prospects this 12 months.

The Calgary-based service now has greater than 60 agency orders for the 737 MAX jets, Boeing’s best-selling single-aisle airplane household.

Boeing has booked giant orders for the 737 MAX this 12 months, together with an order for 100 MAX 10 jets from Delta Air Traces Inc (DAL.N), dashing up the planemaker’s restoration from successive crises attributable to the pandemic and two aircraft crashes.

WestJet, owned by non-public fairness agency Onex Corp (ONEX.TO), additionally has an possibility to purchase 22 extra MAX jets, Boeing stated.

The service stated it would now settle for supply of “no fewer than 65 plane” within the subsequent six years, with at the least 50 being 737-10 jets. WestJet and Boeing on Thursday didn’t present any particulars on the supply timelines.

Boeing’s shares fell 5% in afternoon commerce amid broader market declines. learn extra

Reporting by Aishwarya Nair and Abhijith Ganapavaram in Bengaluru; Modifying by Shounak Dasgupta

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