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Aeromexico buys 28 planes from Boeing, eyes $2 billion in savings - Metro US

Aeromexico buys 28 planes from Boeing, eyes $2 billion in savings

Aeromexico aeroplanes are pictured on the airstrip at Benito Juarez international airport in Mexico City

(Reuters) – Grupo Aeromexico has agreed to purchase 24 of Boeing’s 737-8 and B737-9 MAX planes, and four 787-9 Dreamliners, as part of a deal that should yield an estimated $2 billion in savings, the Mexican airline said on Friday.

The carrier said that it had managed to negotiate better conditions in some long-term maintenance for its existing fleet and leasing contracts.

The agreement “represents a fundamental stage in Aeromexico’s transformation for the coming years, under highly competitive economic conditions compared to current market values,” the company said in a statement.

It did not disclose the price of the planes.

Aeromexico which already has 107 planes, filed for Chapter 11 bankruptcy protection in a U.S. court in June after the coronavirus pandemic slammed the global travel industry.

(Reporting by Bangalore and Mexico City Newsrooms; Editing by Aurora Ellis)

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