Air Canada Places $6.5 Billion Boeing Order

MONTREAL (AP) -

Air Canada plans to spend up to $6.5 billion to buy 61 narrow-body aircraft from Boeing, as it moves to update its fleet over the next decade.

Canada’s largest carrier said Wednesday it could expand the order to as many as 109 of Chicago-based Boeing’s 737 MAX planes, as it replaces older Airbus and some Embraer aircraft.

The order includes three sizes of Boeing 737 MAX aircraft, and it includes options for 18 planes and rights to purchase an additional 30 aircraft.

Deliveries of the firm order are scheduled to begin in 2017 with two planes, and be completed in 2021.