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El Al orders up to $2.5 bln worth of Boeing 737 MAX jets - Reuters

Investing.com -- El Al (TASE:ELAL) on Thursday said it has signed a deal with Boeing (NYSE:BA) to acquire up to 31 of its 737 MAX aircraft, valued at a potential $2.5 billion, as per a Reuters report. 

The agreement involves an order for 20 737 MAX jets, valued at $1.5 billion. El Al also has the option to purchase an additional 11 aircraft.

The Israeli flag carrier plans to replace its aging fleet of Boeing 737-800 and 737-900 models with the new aircraft, the report added. 

Deliveries are scheduled to commence in 2028, with the possibility of early arrivals as soon as 2027 through leasing arrangements.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.