• Japan Airlines Co (OTC: JAPSY) has ordered 21 super-efficient Boeing Co (NYSE: BA) 737-8 jets. Terms were not disclosed.

• Japan Airlines seeks to strengthen its domestic and regional network as passenger traffic continues to return to pre-pandemic levels. It intends to begin introducing the airplanes into its fleet from 2026.

• Related: Boeing Nears 737 Max Deal With Japan Airlines: Report

• The 737 MAX will provide JAL with greater range and fuel efficiency, reducing both fuel use and carbon emissions by 15% compared to the airplanes the airline is replacing.

• Also read: Why Boeing Stock Is Falling Today

• "The integration of the new 737 MAX will provide JAL with greater efficiency across its short-haul network, as the airline continues to upgrade its world-class fleet," said Stan Deal, president and CEO of Boeing Commercial Airplanes.

• Almost 900 737 MAX aircraft are being operated by more than 50 airlines across the world, and since late 2020, they have completed more than 1.4 million revenue flights and logged more than 3.5 million flying hours.

• Price Action: BA shares are trading higher by 0.69% at $197.51 premarket on Thursday.

• Photo Via Company

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article Japan Airlines Orders 21 Boeing 737-8 Jets originally appeared on Benzinga.com

.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.