Grupo Aeromexico has agreed to purchase 24 of Boeing’s (BA.N) 737-8 and B737-9 MAX planes, and four 787-9 Dreamliners, as part of a deal that should yield an estimated $2 billion in savings, the Mexican airline said on Friday.
The carrier said that it had managed to negotiate better conditions in some long-term maintenance for its existing fleet and leasing contracts.
The agreement “represents a fundamental stage in Aeromexico’s transformation for the coming years, under highly competitive economic conditions compared to current market values,” the company said in a statement.
It did not disclose the price of the planes.
Aeromexico which already has 107 planes, filed for Chapter 11 bankruptcy protection in a U.S. court in June after the coronavirus pandemic slammed the global travel industry.