Alaska Airlines inks deal for 50 new Boeing 737s

NEW YORK — Alaska Airlines plans to buy 50 new Boeing 737s in a deal that will increase its fleet by nearly half.     The deal is worth $5 billion.

But Alaska, operated by Seattle's Alaska Air Group Inc., won't pay that much. Major airline customers commonly get discounts.

The order is the largest-ever for Alaska.     The order includes 37 of Boeing's redesigned 737, which it calls the Max.

Alaska operates a fleet of all 737s. It has 120 of them in operation and 25 on order.

It's a new version of the classic plane with a redesigned engine aimed at improving fuel efficiency.

Boeing Co., which is based in Chicago, currently has orders for 858 of the 737 Max.