Shares of Boeing (NYSE:BA) rose about 1.4% on Wednesday after Alaska Airlines revealed the largest fleet purchase in its history, committing to 105 Boeing 737-10 jets and five 787 widebody aircraft.

The agreement extends Alaska’s delivery schedule through 2035 and also includes options for a further 35 737-10 aircraft. Following the announcement, shares in Alaska Air Group (NYSE:ALK) climbed roughly 2%.

With this deal, Alaska’s total orderbook with Boeing rises to 245 aircraft, building on the 94 MAX jets already in its fleet. The airline will also take delivery of its first 787 widebody aircraft painted in Alaska’s new global livery, which are expected to operate long-haul services to Europe and Asia.

Commenting on the investment, Alaska Airlines Chief Executive Officer Ben Minicucci said: “This fleet investment builds on the strong foundation Alaska has created to support steady, scalable and sustained growth.”

The additional five 787 widebody aircraft will play a key role in Alaska’s international expansion strategy, supporting plans to serve at least 12 long-haul destinations from Seattle by 2030. The order brings the airline’s firm future 787 fleet to 17 aircraft, five of which are already in service.

Alaska Air Group expects its total fleet to increase from 413 aircraft today to more than 475 by 2030, and to exceed 550 aircraft by 2035. The carrier has already announced several new international routes from Seattle, including London, Rome, Reykjavik, Tokyo and Seoul.

The order includes both growth aircraft and replacements for older 737 models, helping Alaska sustain one of the youngest and most fuel-efficient fleets among premium global airlines.

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