Alaska extends deliveries with 737 Max order

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Alaska Airlines will take delivery of 75 new Boeing 737 aircraft through 2024, following its order for 50 737 Max and 737-900ERs today.

Under the new order, the Seattle-based carrier will take delivery of six 737-900ERs beginning in 2015, four in 2016 and three in 2017, according to an investor update today. Delivery of 37 737 Max 8s and 9s will begin in 2018 and continue through 2024, including options.

Alaska has existing orders for 25 737-900ERs and 737-800s for delivery through 2015.

The airline also has options for 69 737 current-generation or Max aircraft for delivery between 2015 and 2024 as part of its order today, it says.

Alaska will retire the majority of its 737-400 fleet by the end of 2017, according to the update. It will remove six of the type from its fleet in 2013, which is up from three in September, for a total of 127 aircraft in its mainline fleet at the end of that year.

The airline has 30 of the classic 737 type in its fleet, according to Flightglobal's Ascend Online database.

Capital expenditures excluding options will be $515 million this year, $420 million in 2013, $375 million in 2014 and $320 million in 2015 with the order today. If Alaska takes the options, expenditure will be $520 million in 2013, $670 million in 2014 and $850 million in 2015.

Alaska previously anticipated that capital expenditure would be $470 million this year and $380 million in 2013.