DAL - Delta Air Lines to purchase 12 A220 aircraft from Airbus

• Delta Air Lines ( NYSE: DAL ) will buy 12 new A220-300 aircraft from European planemaker Airbus ( OTCPK:EADSY ) - Reuters .
• "These additional aircraft in the A220 family are an excellent investment for our customers and employees and will be fundamental as we work toward a more sustainable future for air travel," said Mahendra Nair, a Delta senior vice president who noted the new planes are 25% more efficient than the ones they are replacing.
• On Monday, the company announced a deal with Boeing ( BA ) to purchase a 100 737 Max 10 planes with an option to add 30 additional aircrafts in the future.
• The airline currently has 11 A220-300s in service and 51 on order, including the 12 purchase rights exercised today, which are slated for delivery beginning in 2026.
• Additionally, the company operates a fleet of 45 109-seat A220-100 aircraft.
• Related news: The aerospace and travel industries are setting their sights on the Farnborough Air Show , which takes place this week for the first time since the pandemic, where the Boeing ( BA ) faces great pressure to secure orders , as rival Airbus ( OTCPK:EADSF ) recently won many high-profile orders that included China’s state-owned airlines.
• Air Lease ( AL ) is also close to placing an order for dozens of Airbus A320neo family jets this week at the Farnborough International Airshow, Bloomberg reported Monday.
• DAL up 1.2% PM.

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