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United Continental places 14.7-billion-dollar order with Boeing

(Xinhua)

11:18, July 13, 2012

CHICAGO, July 12 (Xinhua) -- Airplane manufacturer Boeing announced on Thursday that United Continental Holdings, Inc. will buy 150 of the company's 737 models, in a deal valued at 14.7 billion U.S. dollars according to list prices.

The planes purchased include 100 of the Boeing 737 MAX 9 model, and 50 of the Next Generation 737-900 Extended Range models. The planes are scheduled for delivery to United between 2013 and 2022.

United President and CEO Jeff Smisek said the order was placed in line with the company's growth plan of replacing older aircraft with more modern and fuel-efficient planes. According to Boeing, the MAX reduces fuel burn and CO2 emissions by 13 percent.

Boeing and United are both headquartered in Chicago. The two companies said that they look forward to continuing their partnership in the future.

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