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If completed, IAG's 200-plane order would be one of the largest ever for Boeing's 737 Max. (Photo: Bloomberg) If completed, IAG’s 200-plane order would be one of the largest ever for Boeing’s 737 Max. (Photo: Bloomberg)

Boeing Co. won a huge endorsement for its troubled 737 Max aircraft, as the parent company of British Airways promised to build its future short-haul fleet around the model with a plan to buy 200 jets.

In a commitment valued at $24 billion, IAG SA signed a letter of intent to take the single-aisle planes between 2023 and 2027, Boeing said in a statement Tuesday. It was the first deal for the 737 Max since a March grounding that followed two deadly crashes of the aircraft, the best seller in Boeing’s history.

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