MEXICO CITY, March 17 (Reuters) – Mexican airline Grupo Aeromexico (AEROMEX.MX) mentioned on Thursday that it has emerged from chapter safety, including it now plans to spend $5 billion over the subsequent 5 years on fleet modernization and different upgrades.
The airline, which filed for chapter after the pandemic despatched demand plummeting, detailed plans to obtain 22 extra planes in 2022, bringing its whole fleet of plane to 147 by the tip of the yr. The corporate final yr signed a deal to purchase 28 planes from Boeing Co (BA.N), which it argued would end in $2 billion of financial savings. learn extra
The beforehand introduced fleet improve may assist scale back the corporate’s gas prices since Boeing 737 MAX price 20% lower than their predecessors to function, mentioned Rene Armas Maes, business vp and aeronautical marketing consultant at Jet Hyperlink Worldwide LLC.
Past upgrading its fleet, Aeromexico must implement expertise that additional reduces unit prices, so it may well higher compete with native low-cost carriers Volaris (VOLARA.MX) and Viva Aerobus, and its friends working worldwide routes, he mentioned.
In a information launch, the provider mentioned it can additionally restart some worldwide routes it had halted through the pandemic, together with to London, and open new ones.
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Reporting by Noe Torres, Laura Gottesdiener and Valentine Hilaire; Writing by Kylie Madry; Modifying by Anthony Esposito, Tim Ahmann and Bernard Orr
