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TheStreet Open House

Grupo Aeromexico Finalizes Order For Boeing 737-8 MAX And 737-9 MAX Aircraft

MEXICO CITY, Nov. 5, 2012 /PRNewswire/ -- Grupo Aeromexico, S.A.B. DE C.V. (BMV: AEROMEX), has announced that the Company has finalized a purchase agreement with Boeing Aircraft to purchase up to 90 Boeing 737 MAX narrow body aircraft. The order follows Aeromexico's Letter of Intent to purchase up to 100 aircraft as was announced on July 25, 2012. Of the 90 aircraft, 60 are firm deliveries with the ability to purchase an additional 30 aircraft, subject to reconfirmation by Grupo Aeromexico.

As was previously announced, these new aircraft are part of a new generation of planes that greatly improve passengers' travel experience by offering modernized cabins featuring enhanced comfort features including increased legroom and cutting-edge technology such as personal touch-screen entertainment systems, larger overhead bins and Boeing Sky Interior lighting systems. It is also estimated that the B737 MAX will reduce fuel and maintenance cost.

Today's announcement supports Grupo Aeromexico's goal to maintain one of the youngest and most efficient fleets in the world. As part of the announcement made last July, Grupo Aeromexico expects to finalize its agreement to purchase of 787-9 Dreamliner aircraft, which is expected to close in the coming weeks.

Aeromexico reaffirms its commitment to the Mexican aviation industry, as well as to ensuring its position as the nation's leading airline with the best fleet that delivers a world-class product to its customers and business partners.

About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Its fleet includes Boeing 777, 767 and 737 aircraft and the latest Embraer 145, 170 and 190 models. The carrier announced a major expansion plan in 2011 to acquire 20 new and wholly owned aircraft including ten Embraer 190 and ten Boeing 737-8 NG airplanes. Aeromexico will take delivery of nine 787-8 Dreamliners over the next three years. Moreover, in 2012, Aeromexico announced the acquisition of 100 new aircraft, including 90 Boeing 737-8 MAX and 10 Boeing 787-9 Dreamliner airplanes.

Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport, and offers over 600 daily flights to different cities in Mexico, the United States, Canada, Central and South America, Europe and Asia.

Aeromexico is a founding member of SkyTeam, the global airline alliance partnering 18 airlines: Aeroflot, Aerolineas Argentinas, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, CSA Czech Airlines, Delta Air Lines, Kenya Airways, KLM Royal Dutch Airlines, Korean Air, Middle East Airlines, Saudia, TAROM Romanian Air Transport and Vietnam Airlines. SkyTeam offers all partner airline passengers a large global network with more destinations and frequencies, and improved connectivity. Passengers can earn and redeem miles through the different airline partners' loyalty programs and enjoy the benefits offered at SkyTeam's 525 VIP airport lounges around the world. SkyTeam offers its 537 million annual passengers more than 14.900 daily flights to 993 destinations in 186 countries www.skyteam.com.

 

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