United Airlines Close To Finalizing Triple-Digit Order For Widebody Jets

United Airlines Holdings Inc (NASDAQ:UAL) is likely closing in on order for more than 100 widebody jets as it considers offers for Boeing Co’s (NYSE:BA) 787 Dreamliner and Airbus SE’s (OTC:EADSY) A350.
When finalized, the deal would be one of the largest ever purchases made for long-range aircraft.
United CEO Scott Kirby recently told pilots in a training session about the triple-digit order, Bloomberg reported.
The deal confirmation may happen in December.
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The order could boost Boeing and Airbus as demand for twin-aisle jets suffered a severe blow during the COVID-19 pandemic.
United currently has 128 twin-aisle Boeing jets, which are at least 20 years old, an age that demands heavy maintenance costs.
Price Action: UAL shares closed higher by 3.42% at $35.40 on Thursday.