Boeing and AeroMexico today formally announced contracts that will provide Mexico’s largest airline 15 Boeing 737-700s with winglets.
‘One of the principle reasons for this order is to add airplanes with the latest-generation technology to our fleet,’ said Arturo Barahona, chief operating officer of AeroMexico. ‘These new airplanes will make our operations more flexible and improve our route coverage.’
In one of the contracts, a sale-leaseback arrangement with Boeing, AeroMexico will lease six of the jets from Lombard Aviation Capital and the other five from International Lease Finance Corporation (ILFC). This arrangement will enable AeroMexico to operate the new airplanes at a lower annual cost. The value of the 11 737-700s at list prices is approximately $500 million.
In the other contract, AeroMexico will take four additional 737-700s directly from ILFC for a total of 15 737-700s.
Lombard Aviation Capital will deliver the first airplane in October, with remaining deliveries continuing through 2004.
All 15 737-700s will be equipped with winglets – 8-foot-high wingtip extensions – that reduce fuel consumption up to 3.5 percent, increase range up to 450 nautical miles from high-altitude airports such as Mexico City, and reduce engine maintenance costs.
Separately, Luxair, the national airline of Luxembourg, has signed an agreement with Boeing to purchase two 737-700 jetliners, with an option to buy two additional aircraft.
The two 737-700s, which will be equipped with winglets, will be the first Next-Generation 737s for Luxair and the first to be operated out of Luxembourg. Luxair currently flies two 737-400s and three 737-500s.