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Delta, Southwest finalize craft franchise deal

NEW YORK (AP) — Delta Air Lines Inc. on Monday pronounced it finalized a understanding to supplement 88 Boeing 717s to a fleet, leasing planes Southwest Airlines didn’t wish anymore.

The deal, announced in May, hinged on Delta‘s securing a agreement understanding with a pilots, that it reached late final month.

Delta will use a 717s to reinstate 50-seat informal jets, that are increasingly unprofitable during aloft fuel prices. They’ll also reinstate a DC-9s that Delta got when it bought Northwest in 2007. Those planes are identical in distance to a Boeing 717, that chair 117 passengers, though they are removing tighten to retirement age.

Business travelers also preference a roomier 717s, a pivotal for Delta as it tries to constraint some-more of those remunerative fliers.

Southwest hereditary a 717s when it bought AirTran final year. Southwest wants to get behind to drifting all 737s, like it did before that combination. Flying usually one form of craft allows it to save on upkeep and streamlines commander training.

The aircraft will be eliminated starting subsequent year, with 16 scheduled to arrive subsequent year. Another 36 will come in 2014 and a rest will be delivered in 2015.

Southwest has orders for some-more 737s, and it pronounced a altogether swift count will stay about a same as a 717s leave. AirTran 717 pilots will retrain to fly a 737s.

Delta shares combined 9 cents to $11.09 in morning trading. Southwest shares combined 5 cents to $9.32.

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