Aeromexico, the country’s largest carrier and which is filed for Chapter 11 bankruptcy protection in a U.S. court, announced its intention to revise Boeing’s aircraft order to save up to $2 billion.
In the new arrangement, the pending order for 54 737 MAX jets and two 787 jets would now have only 28 units – 24 single-aisle aircraft (737-8 and 737-9) and four 787-9 Dreamliner.
“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,” said Andres Conesa, CEO of Aeromexico.
According to a statement from the airline, the first aircraft will be delivered in 2021, “with nine (9) offering service beginning this summer season and the rest arriving in the second half of 2021 and during 2022.”
Aeromexico is also expected to sell some current and lease back aircraft in addition to reducing the costs of 18 older leased aircraft.
Currently, the carrier has 107 aircraft in its fleet – 42 Boeing 737 (six of which are model 737 MAX), 18 Boeing 787 Dreamliner (8 787-8 and 19 787-9) and 47 Embraer E190 operated by the subsidiary Aeromexico Connect.