For companies to make the most of their relationship with third parties, they must establish clear goals and align their working methods with them. Aeromexico and American Express Business Class share four tips to have successful relationships.
Aeromexico has reached an agreement to increase our fleet with twenty-four new Boeing 737 aircraft, including B737-8 and B737-9 MAX and four 787-9 Dreamliner aircraft as part of our restructured agreements with the manufacturer and certain lessors to incorporate new aircraft. Other suppliers and financial entities also participated in these transactions, resulting in a comprehensive deal that offers multiple benefits.
The addition of the first aircraft is scheduled for this year, with nine aircraft entering service beginning this summer season and the rest arriving in the second half of 2021 and during 2022. These transactions represent a milestone in our transformation for the upcoming years, and our economic terms are highly competitive compared to current market levels.
These transactions make it possible for us to modify long-term maintenance contracts and reduce leasing costs of eighteen other aircraft that are part of the current fleet. We estimate that reaching this comprehensive agreement* will lead to total savings of approximately 2 billion dollars. Thanks to the savings, we can offer even more competitive fares, guaranteeing the best travel experience for customers in state-of-the-art aircraft with on-ground and in-flight services that only in Aeromexico we offer.
Andres Conesa, our CEO, stated: "These transactions show the confidence of our employees, customers, lessors, manufacturers, investors, and business partners in the future of Mexico's global airline. It will also give us flexibility to complete other negotiations and put Aeromexico on a strong path to exit Chapter 11 later this year”.
Currently is comprised of 107 aircraft: 47 Embraer 190s, 42 Boeing 737s, and 18 Boeing 787 Dreamliners.
The Boeing 737 MAX aircraft stands out for being highly efficient and environmentally-friendly, generating fuel savings of up to 14%, reducing CO2 emissions by 15%, and reducing noise footprint by up to 40% compared to aircraft of previous generations.
The Boeing 787 Dreamliner is one of the most modern, safe, comfortable, efficient and least polluting longrange aircraft in the global airline industry. It generates savings of up to 23% in fuel consumption and 25% in CO2 emissions.
*The comprehensive agreements are subject to the approval of the United States Court for the Southern District of New York, in charge of Aeromexico's Chapter 11 voluntary financial restructuring process.