Air Canada picks Boeing 737 MAX for fleet renewal

Air Canada is to renew its mainline narrowbody fleet with up to 109 Boeing 737 MAX aircraft.

The agreement with Boeing, which is subject to completion of final documentation and other conditions,includes firm orders for 33 737 MAX 8 and 28 737 MAX 9 aircraft with substitution rights between them as well as for the 737 MAX 7 aircraft.

When finalised, the firm order for 61 737 MAX 8s and MAX 9s is expected to be worth $6.5bn at list prices.

The order also provides for options for 18 aircraft and rights to purchase an additional 30.

Deliveries are scheduled to begin in 2017 with two aircraft, 16 aircraft in 2018, 18 aircraft in 2019, 16 aircraft in 2020 and nine aircraft in 2021, subject to deferral and acceleration rights.