Alaska Airlines modernizes fleet with deal for more 737 MAX jets

A white Alaska Airlines jet coming in for a landing with wheels down, about to touch down on runway on sunny day.

Alaska Airlines (NYSE: ALK) on Monday doubled down on the Boeing 737 MAX less than a week after the Federal Aviation Administration lifted a 20-month safety grounding. The airline plans to lease more than a dozen of the modern aircraft and sell off less economical Airbus A320s to help its balance sheet.

The moves suggest that Alaska Airlines may return to an all-Boeing fleet, although officials have said they are very happy with the Airbus A321neo.

Alaska said it will sell 10 single-aisle A320s...

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