Allegiant Air has exercised options to purchase six additional Boeing 737 MAX jets, a deal valued at over $720 million. The low-cost carrier's decision comes as part of its ongoing fleet expansion strategy, aiming to modernize and grow its aircraft lineup.
The six 737 MAX jets will join Allegiant's existing fleet, which already includes several Boeing 737 MAX aircraft. The airline has been a long-time customer of Boeing, and this latest order reinforces its commitment to the MAX series.
The $720 million deal reflects the current market value of the aircraft, including any associated costs. The 737 MAX has been a key model for Boeing, offering improved fuel efficiency and advanced technology compared to older generations.
Allegiant's move comes at a time when the aviation industry is recovering from the impacts of the pandemic. The airline has been focusing on cost-effective growth, and the addition of these new jets aligns with its strategy to serve smaller markets efficiently.