Aeromexico reached an agreement to increase its fleet with 24 new Boeing 737 aircraft, including B737-8 and B737-9 MAX models, and four 787-9 Dreamliner aircraft as part of the airline’s restructured agreements with the manufacturer and certain lessors to incorporate new aircraft. Other suppliers and financial entities also participated in these transactions.
The addition of the first aircraft is scheduled for this year, with nine offering service beginning this summer and the rest arriving in the second half of 2021 and during 2022.
These transactions make it possible for Aeromexico to modify long-term maintenance contracts and reduce leasing costs of 18 other aircraft that are part of the current fleet. Aeromexico estimates that reaching this agreement will lead to total savings of approximately $2 billion.
The agreements are subject to the approval of the United States Court for the Southern District of New York, which is in charge of Aeromexico’s voluntary Chapter 11 financial restructuring process.
“These transactions show the confidence of our employees, customers, lessors, manufacturers, investors and business partners in the future of Mexico’s global airline. It will also give us flexibility to complete other negotiations and put Aeromexico on a strong path to exit Chapter 11 later this year,” Andres Conesa, CEO of Aeromexico, said.
The Boeing 737 MAX aircraft generates fuel savings of up to 14%, reducing CO2 emissions by 15% and reducing noise footprint by up to 40% compared with aircraft of previous generations.
The Boeing 787 Dreamliner generates savings of up to 23% in fuel consumption and 25% in CO2 emissions.
Aeromexico’s current fleet is comprised of 107 aircraft, including 47 Embraer 190s, 42 Boeing 737s and 18 Boeing 787 Dreamliners.