United Airlines Nears Order For Airbus A321 Narrowbody Jets: Report

United Airlines Holdings Inc. (NASDAQ:UAL) is reportedly close to placing an order for A321 jets.

UAL might announce a deal with Airbus SE (OTC:EADSY) for a double-digit number of A321 narrowbody jets as early as today, Bloomberg reported, citing sources familiar with the matter.

Also Read: Airbus Hits Jackpot: Hong Kong-based Cathay Pacific's $4.66B Splurge On A320neo Jets

This new order will supplement United's existing backlog of 120 A321s from Airbus. The report added that airlines pay about $60 million each for new A321s after customary industry discounts.

United has also reportedly placed orders for Boeing Company's (NYSE:BA) 737 Max model, indicating a balanced fleet diversification and expansion approach.

Also Read: Boeing Sets Eyes On Ambitious 737 Output By Mid-2025, Thanks To Spike In Aircraft Purchases

Price Action: UAL shares are trading 1.78% lower at $40.89 on the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.