Investing.com — El Al (TASE:) on Thursday stated it has signed a take care of Boeing (NYSE:) to amass up to 31 of its 737 MAX plane, valued at a possible $2.5 billion, as per a Reuters report. 

The settlement includes an order for 20 737 MAX jets, valued at $1.5 billion. El Al additionally has the choice to buy an extra 11 plane.

The Israeli flag provider plans to interchange its getting older fleet of Boeing 737-800 and 737-900 fashions with the brand new plane, the report added. 

Deliveries are scheduled to start in 2028, with the potential of early arrivals as quickly as 2027 by leasing preparations.