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

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


Updates with particulars

April 23 (Reuters)Grupo Aeromexico AEROMEX.MX has agreed to buy 24 of Boeing’s BA.N 737-Eight and B737-9 MAX planes, and 4 787-9 Dreamliners, as a part of a deal that ought to yield an estimated $2 billion in financial savings, the Mexican airline mentioned on Friday.

The service mentioned that it had managed to barter higher situations in some long-term upkeep for its current fleet and leasing contracts.

The settlement “represents a elementary stage in Aeromexico’s transformation for the approaching years, underneath extremely aggressive financial situations in comparison with present market values,” the corporate mentioned in a press release.

It didn’t disclose the value of the planes.

Aeromexico which already has 107 planes, filed for Chapter 11 chapter safety in a U.S. courtroom in June after the coronavirus pandemic slammed the worldwide journey trade.

(Reporting by Bangalore and Mexico Metropolis Newsrooms; Modifying by Aurora Ellis)

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