Air Canada Cuts Deal To Buy 20 Boeing 787 Dreamliners

Air Canada is closing in on the purchase of up to 20 787 Dreamliners from Boeing Co. to renew and expand its long-haul fleet, Bloomberg News reported, citing people familiar with the matter.

Photo Insert: The Canadian carrier has neared an agreement to order between 15 and 20 of the twin-aisle aircraft.

Shares of Boeing were up 3.6% at $208.13 in afternoon trade. Airlines are looking to shore up their wide-body fleets amid a rebound in demand for long-haul flying ahead of a busy summer travel season.

The Canadian carrier has neared an agreement to order between 15 and 20 of the twin-aisle aircraft, according to the report. An Air Canada spokesman said the airline has not made any decisions yet.

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