Aeroméxico issues £6.9bn commitment for 100 Boeing planes

Posted on 26 Jul 2012 by Tim Brown

Mexico’s largest airline, Aeroméxico, has made a commitment to purchase up to 100 Boeing airplanes in a deal worth $10.8bn (£6.9bn).

The commitment involves the purchase of up to 90 single aisle 737 MAX 8s and 9s and 10 twin aisle 787 Dreamliners.

The Boeing 787 Dreamliner during its first flight test in 2011

“The 737 MAX and the 787 Dreamliner provide unmatched passenger comfort and fuel efficiency allowing Aeromexico to expand their fleet, open new routes and serve new long-range markets – continuing their legacy of airline leadership,” said Ray Conner, president and CEO of Boeing Commercial Airplanes.

Aeroméxico operates an all-Boeing fleet for airplanes larger than 100 seats.  Grupo Aeroméxico, the parent company of Aeroméxico, operates its main hub out of the Mexico City International Airport. In 2011 the Group transported more than 14 million passengers and offers more than 550 daily flights to different cities in Mexico, the United States, Canada, Central and South America, as well as Europe and Asia.

“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 Chief Executive Officer Andres Conesa.

Boeing yesterday announced it’s Q2 results with revenue growing to £20bn based on increased commercial airplane deliveries, an increase of 21% on the same quarter last year. Earnings from operations were only up 1% in Q2 although overall earnings for the year so far have increased 23% to $3.1bn (£2bn).