Chicago is My Home

22
Feb

Continental Airlines Orders 27 New Jets From Boeing For $2.5 Billion

Author: Adam Fendelman, Category: Technology

Continental Airlines has placed an order for 27 new jets from Chicago-based Boeing. The Houston-based carrier has ordered a total of 111 new jets to be delivered in the next six years.

The new order, which is for eight 777s and 19 737s, will cost an estimated $2.5 billion. New Boeing orders from U.S. carriers have been struggling as airlines have seen financial downturns in recent years.

Continental, which is the fourth-largest carrier in the U.S., has one of the largest orders for new planes with Boeing. Continental says it’s purchasing the new planes to replace its older fleet and to pursue growth opportunities. Continental has been in merger talks with Chicago-based United Airlines.

By Stephanie Huls