Air Canada has finalized an order for 61 Boeing 737 MAX jets to lead the airline’s single-aisle fleet renewal plan.
The order, which the manufacturer values at $6.5 billion at list prices, consists of 33 Boeing 737 MAX 8 aircraft and 28 737 MAX 9 jets. Air Canada has also secured option on 18 more 737 MAX aircraft and rights to purchase another 30 737 MAXs.
“Our narrowbody fleet renewal program with the 737 MAX is expected to yield significant cost savings and is a key element of our ongoing cost transformation program,” says Calin Rovinescu, president and CEO of Air Canada.
“Projected fuel and maintenance cost improvements of more than 20 per cent per seat will generate an estimated CASM reduction of approximately 10 per cent compared to our existing narrowbody fleet,” says Rovinescu. “In addition, the 737 MAX offers improvements to the environment, making this the best choice for Air Canada.”
According to The Boeing Company, the 737 MAX improves fuel efficiency and reduces carbon emissions by 14 per cent compared with current-production aircraft, while reducing the operational noise footprint by 40 per cent.
To date, the Boeing 737 MAX family has accumulated orders for more than 1,900 aircraft from 37 customers worldwide.
Boeing says development of the 737 MAX is on schedule, with firm configuration of the aircraft having been completed in July 2013.
The first flight of a 737 MAX jet ‒ a Boeing 737 MAX 8 ‒ is scheduled to take place in 2016 and deliveries to customers are scheduled to begin in the third quarter of 2017.