Aeromexico signs LOI for 737 MAX and 787 aircraft

Aeromexico on Wednesday announced it has signed a letter of intent for up to 100 Boeing aircraft—a mix of 90 737 MAX 8s and 9s, as well as 10 787s. When finalized, the order will be worth $10.8 billion at list prices, according to a statement by both companies.

The MAX aircraft will be powered by CFM International LEAP-1B engines—the sole source engine for the MAX. CFM said the list value of the LEAPs was $2.25 billion. Deliveries of the 737-8 MAX aircraft will begin in 2018, according to AM.

The 787s will be powered by GE Aviation GEnx-1B engines. GE said the total list value of the deal was $400 million. The Rolls-Royce Trent is also available for the 787.

Grupo AM CEO Andres Conesa said the order “will allow us to maintain a flexible structure to grow according to market conditions.”

The commitment for 100 aircraft is in addition to a package of 10 Embraer E190s and 10 leased Boeing 737-800 the carrier announced in 2011, as well as nine 787-9s scheduled to begin deliveries insummer 2013, AM said. It has already leased five 787-8s from International Lease Finance Corp (ILFC) and ordered two from Boeing. In July, it announced it would receive$171 million in Export-Import Bank (Ex-Im) financing to support the acquisition of 737s.

(Christine Boynton - ATWOnline News)