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Delta Is Bargain Hunting for Used Long-Haul Jets

Delta Air Lines Inc., known for snapping up bargain-priced single-aisle planes, is now shopping for used larger, long-haul jets.

A glut of wide-body models coming off leases is creating an “aircraft bubble,” Chief Executive Officer Richard Anderson said Wednesday. While no deal is imminent, he said Delta repeatedly gets offers to add twin-aisle jetliners such as Boeing Co.’s 777-200 and Airbus Group SE’s A330-200.

“The aircraft market is going to be ripe for Delta over the course of the next 12 to 36 months,” Anderson said on a conference call after the airline’s third-quarter earnings report. “Prices are going to get lower.”

Delta’s secondhand-jet strategy is based on two pillars: Taking advantage of lower capital costs and keeping older planes flying efficiently with its in-house maintenance crews. The airline’s fleet...