Alaska Airlines plans more than $50M in capital investments

Alaska Airlines is planning more than $50 million in new capital investments in the state over the next few years.

The airline says the projects include expanded freight service, a new hanger in Anchorage and terminal upgrades at remote airports. The projects are expected to begin sometime in the next two to three years.

Alaska Airlines is also planning to unveil three additional Boeing 737-700 freighters in its statewide fleet.

The passenger planes will replace the airline’s existing Boeing 737-400 combi jets, which should be phased out by 2017.

The larger aircraft will call for the making of a bigger hangar at Ted Stevens Anchorage International Airport.

Airline officials say the projects are still in the planning stages.