(RTTNews.com) - Delta Air Lines
said Friday that it has reached an agreement with Airbus to acquire 37 additional A321s as part of its efforts to renew its narrowbody fleet. The fuel-efficient A321s will replace older-generation jets, including the MD-88. The 37 aircraft will be delivered concurrently with existing A321 orders through 2019.
These transactions are part of Delta's broader fleet strategy allowing the company to achieve its long-term financial targets, including 15 percent EPS growth and generation of $4-5 billion in free cash flow annually, while replacing 20 percent of its mainline narrowbody fleet over the next five years.
The agreement follows an announcement Thursday that Delta would become the U.S. launch customer for Bombardier's C-Series small narrowbody aircraft.
Realtime Business News, Economic News, Breaking News and Forex News ? RTTNews
Read more:
Delta Air Lines Orders Addl Airbus A321 JetsOrder For 37 More A321s - NASDAQ.com