United to Buy 29 New Aircraft

   By Allison Prang 
 

United Airlines is buying 29 new aircraft and expects to take delivery of them in the next couple of years, it announced Monday.

The unit of United Continental Holdings Inc. (UAL) said it is buying 25 Embraer E-175 aircraft, which it expects to take delivery of next year. It is also purchasing four Boeing 787-9 aircraft, which it expects to take delivery of in 2020.

The company said that the Embraer aircraft will let the airline "offer a more comfortable and efficient aircraft to its customers."

The purchase of the Boeing 787 aircraft is "part of United's widebody fleet replacement strategy," the company said. United said the aircraft is 20% more fuel-efficient and "the longest-range version of the aircraft."

"It will offer the airline's all-new United Polaris business class seats and other modern amenities," United said.

Boeing Co. (BA) said the sale was a repeat order that was finalized this year and valued at about $1.1 billion per current list prices.

Write to Allison Prang at [e-mail]

(END) Dow Jones Newswires

July 16, 2018 08:13 ET (12:13 GMT)

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