Delta to forgo aircraft purchases, instead spend $1B on upgrades

Delta Air Lines plans to invest $300 million a year over the next three-plus years to upgrade its fleet with lie-flat beds, larger overhead bins and other amenities. "Rather than invest in new aircraft, Delta will be spending its capital to improve the quality and consistency of the onboard product and efficiency of the aircraft we already own," Delta President Ed Bastian said of the $1 billion initiative. More than 60 Boeing 767 aircraft are included in the plan, leading some analysts to wonder about the status of Delta's order for 18 Dreamliners, widely viewed as a 767 replacement.

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