Aeromexico Buying 100 Boeing Planes

MEXICO CITY (AFP) - Aeromexico, Mexico's largest airline, plans to buy 100 airplanes from US aerospace giant Boeing in an almost $11 billion deal, the companies said.

Grupo Aeromexico has committed to buy a mix of 90 single-aisle 737 MAX 8s and 9s, as well as 10 twin-aisle 787 Dreamliners.

"This order represents the largest investment program for a domestic airline in Mexican commercial aviation history and a major step forward in consolidating Grupo Aeromexico's international leadership position," said Grupo Aeromexico's chief executive, Andres Conesa, in a statement.

When finalized, the Aeromexico order will be worth $10.8 billion at list prices, the statement said.

Conesa said the airline was expanding its medium- and long-term fleet plan supported by its US partners Boeing and General Electric, which builds engines for the planes.

Aeromexico operates an all-Boeing fleet for airplanes larger than 100 seats.

The airline, which operates more than 550 daily flights to cities in Mexico and internationally, transported 14 million passengers last year.

Both the 737 MAX and the 787 Dreamliner are Boeing's latest fuel-efficient aircraft.

Dreamliner deliveries to Aeromexico were expected to begin in 2013, while those of the 737-8 MAX would start in 2018.

The new 737 MAX, based on the 737, the world's best-selling plane, has more than 1,200 orders and commitments, according to Boeing. First deliveries are set to begin in the fourth quarter of 2017.

The much-delayed 787 Dreamliner is made mostly of composite materials. It is the first mid-size plane capable of flying long-range routes and is the fastest-selling widebody plane in history, the Chicago-based company says.

Japanese launch customer All Nippon Airways received its first 787 in September 2011, three years behind schedule.

News of the Aeromexico deal came hours after Boeing posted a three percent rise in second-quarter profit, to $967 million, boosted by a 27 percent jump in commercial aircraft deliveries.

Boeing raised its 2012 earnings and revenues outlook.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Fight vs online libel goes to the UNHCR Ederic Eder, Yahoo! Southeast Asia - The Inbox
    Fight vs online libel goes to the UNHCR

    Commentary By Ellen T. Tordesillas Last Tuesday, while in Baguio City for their summer session, the Supreme Court denied all the Motions for Reconsideration on Online Libel which it upheld in its Feb. 18, 2014 decision. It will be recalled … Continue reading → …

  • Book chronicles efforts for PWD-friendly polls VERA Files - The Inbox
    Book chronicles efforts for PWD-friendly polls

    By Melissa Luz Lopez, VERA Files A lot have been done but much still need to be done for a hassle-free  participation of  Persons with Disabilities in elections,according to a book published by The Asia Foundation (TAF) and supported by … Continue reading → …

  • The other side of Palawan Ellen Tordesillas, Contributor - The Inbox
    The other side of Palawan

    By Ellen T. Tordesillas Mention Palawan and what comes to mind are Underground River and El Nido in the northern side of this richly-blessed province from its capital, Puerto Princesa. Three weeks ago, we went to the southern side- in … Continue reading → …

POLL
Loading...
Poll Choice Options