Grupo Aeromexico has signed a letter of intent with Boeing to purchase up to 100 next-generation jets valued at nearly US$11 billion, a deal...

Grupo Aeromexico has signed a letter of intent with Boeing to purchase up to 100 next-generation jets valued at nearly US$11 billion, a deal which when firmed would represent the largest investment ever by a Mexican aviation company.

AeroMexico’s planned order includes 90 Boeing 737 MAX 8 jets with CFM International LEAP-1B engines and 10 Boeing 787-9 Dreamliners, with General Electric GEnx-1B engines.

When firmed, the order will make AeroMexico the first Latin American carrier to operate both the Boeing 737 MAX and the Boeing 787-9, according to the airline.

On July 25, 2012, Grupo Aeromexico signed a letter of intent to order 90 Boeing 737 MAX 8s and 10 Boeing 787-9s

The planned order for 100 aircraft is in addition to a package of 20 new aircraft which AeroMexico announced in 2011 it would acquire. These include 10 Embraer 190 jets and 10 leased Boeing 737-800 jet airliners.

In addition, AeroMexico is due to take seven new Boeing 787-8 Dreamliners (two ordered from Boeing, five to be leased), with deliveries scheduled to begin in summer 2013.

Deliveries of AeroMexico’s Boeing 737 MAX 8 aircraft will begin in 2018, according to the airline. The carrier intends to use its 100 new Boeing jets to expand its schedule and network.

In addition to acquiring seven Boeing 787-8s (two ordered and five leased), AeroMexico has committed on July 25, 2012 to purchasing 10 Boeing 787-9s

AeroMexico calculates that CO2 emissions from its 737 MAX 8 jets will be 13 per cent lower than from its 737-800s and that CO2 emissions from its Boeing 787-9 widebodies will be 23 per cent less than its current Boeing 767-300ERs and 777-200ERs.

“This investment demonstrates the commitment Grupo Aeromexico shareholders have pledged to the country and its confidence in Mexico’s macroeconomic environment and future,” says Jose Luis Barraza, chairman of the Grupo Aeromexico’s board.

“This order represents the most ambitious investment program for a national carrier in Mexican commercial aviation history and a major step forward in consolidating Grupo Aeromexico’s international leadership position, while moving forward in accelerating the group’s modernization plan,” remarks Grupo Aeromexico CEO Andres Conesa.

When firmed, Grupo Aeromexico's July 25, 2012 commitment for 90 Boeing 737 MAX 8s and 10 Boeing 787-9s would represent the largest-ever investment by a Mexican aviation company

Continues Conesa: “We are taking this major step together with our partners, Boeing and General Electric under a flexible structure that allows us to grow according to market conditions.

Conesa adds: “These aircraft mean a huge leap in technology in the airline’s fleet and will allow us to have one of the youngest and most efficient fleets worldwide, thus significantly reducing our environmental footprint and consolidating the Group’s fleet into only two types of aircraft.”

Grupo Aeromexico is Mexico’s largest airline. It carried 14 million passengers in 2011 and offers close to 600 daily flights to 45 destinations in Mexico and 32 international destinations in the United States, Canada, Central and South America, Europe and Asia.