Boeing Loses Qantas Airways to Airbus With Carrier's Firm Commitment for A321XLR, A220-300 Jets

Qantas Airways said Thursday it has chosen Airbus as its preferred aircraft to replace its fleet of domestic narrow-body Boeing (BA) 737-800s and 717s.

The Australian national airline said it has committed to buy 20 of the A321XLR extra long-range jets and 20 of the A220 planes. It will also have an option to purchase 94 more aircraft over a ten-plus year delivery window.

The order is expected to be finalized in 2022. Financial terms weren't disclosed but are expected to have a material discount from list prices, Qantas said.

Boeing's shares edged 0.8% higher in recent premarket activity Thursday.

Price: 196.94, Change: +1.51, Percent Change: +0.77