Tue, Apr 27, 2021
The Addition Of The First Aircraft Is Scheduled For This Year
Aeromexico has reached agreement to increase its fleet with twenty-four new Boeing 737 aircraft, including B737-8 and B737-9 MAX, 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 season, 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 eighteen other aircraft that are part of the current fleet. Aeromexico estimates that reaching this agreement will lead to total savings of approximately 2 billion dollars.
The comprehensive agreements are subject to the approval of the United States Court for the Southern District of New York, in charge of Aeromexico's Chapter 11 voluntary financial restructuring process.
Andres Conesa, CEO of Aeromexico, stated: "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."
Aeromexico's current fleet is comprised of 107 aircraft: 47 Embraer 190s, 42 Boeing 737s, and 18 Boeing 787 Dreamliners.
Aeromexico reports that it will continue pursuing, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate.
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