AeroMexico has made this announcement:
Aeromexico has reached agreement to increase its fleet with twenty-four (24) new Boeing 737 aircraft, including B737-8 and B737-9 MAX, and four (4) 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, resulting in a comprehensive deal that offers multiple benefits to the carrier.
Note: AeroMexico resumed 737 MAX operations on November 18, 2020.
The addition of the first aircraft is scheduled for this year, with nine (9) offering service beginning this summer season, and the rest arriving in the second half of 2021 and during 2022. These transactions represent a milestone in Aeromexico’s transformation for the upcoming years, and their economic terms are highly competitive compared to current market levels.
These transactions make it possible for Aeromexico to modify long-term maintenance contracts and reduce leasing costs of eighteen (18) other aircraft that are part of the current fleet. Aeromexico estimates that reaching this comprehensive 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.
Aeromexico’s current fleet is comprised of 107 aircraft: 47 Embraer 190s, 42 Boeing 737s, and 18 Boeing 787 Dreamliners.
Aeromexico will continue pursuing, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and offer services to its customers and contracting from its suppliers the goods and services required for operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to face the impact from COVID-19.
Top Copyright Photo: AeroMexico Boeing 787-9 Dreamliner XA-ADG (msn 44426) PAE (Nick Dean). Image: 940208.
AeroMexico aircraft slide show: