United Plans to Order Up to 150 Jets: Report

The airline has asked Boeing and Airbus to submit bids, a report says.
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United Airlines

plans to order up to 150 new airliners and has asked

Boeing

(BA) - Get Report

and

Airbus

to propose dueling bids for the jets, a report says.

The

Wall Street Journal

reports the deal could be worth more than $10 billion. By staging a winner-takes-all competition between the two airplane makers, United's parent,

UAL Corp.

(UAUA)

, is hoping to obtain better terms than otherwise might be available, the

Journal

notes, citing people familiar with the situation.

United sent a formal request to Boeing and Airbus on Tuesday, the newspaper reports. United's request focuses on replacing many of its 111-airplane wide-body fleet, as well as some of its 97 older Boeing 757 narrow-body planes, these people said. United has a total fleet of 400 jetliners, according to the

Journal

.

United has hired aviation consulting firm Seabury Group to help it negotiate with the airplane makers.

A spokesman for Airbus, a unit of

European Aeronautic Defense & Space

, declined to confirm or deny United's request, the

Journal

reports. A Boeing spokesman declined to comment.

United could sign a major order as early as the fall, the newspaper notes, if Boeing or Airbus agree to certain conditions.