United places largest aircraft order in its history

(ABC News) — United Airlines is betting big on the post-pandemic travel boom.

On Tuesday, United announced the largest aircraft order in the airline’s history and the largest for the industry by a single carrier in more than a decade.

“Travel is back,” United Airlines CEO Scott Kirby said in an interview with ABC News. “There’s an amazing amount of pent-up demand for people to connect with each other and reunite.”

The 270 narrow-body jet order is potentially worth a reported $30 billion. It includes up to 200 Boeing 737 MAX and 70 Airbus A321neo aircraft. United also announced its going to be retro-fitting all of its narrow-body cabins — adding larger overhead bins, and entertainment screens on all seats.

As a result of adding new planes, United said it expects to create approximately 25,000 well-paying, unionized jobs over the next few years.

“They’re really careers and because you can have a job — even without a college education required, as a flight attendant or a gate agent — you can get to a six-figure salary with a good union job by the time you get to the top of the seniority scale,” Kirby said.

The order is a sign of hope that the dark days of decimated air travel are over. Click here to read the source article airplanes

Rising Dough

Rising Dough - the question(s) that we need to think about from the reading.Is this purchase a smart move for United? Should they have waited to make this purchase? What do you think the long-term effect will be on United’s stock price from this purchase?

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