Air Canada and Boeing finalise 737 Max deal

Washington DC
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Air Canada and Boeing have finalised the carrier’s order for up to 109 737 Max aircraft.

The order includes 33 737 Max 8s and 28 Max 9s as well as 18 options and 30 purchase rights for further Max aircraft. It was announced in December 2013.

“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 chief executive of Air Canada. "Projected fuel and maintenance cost improvements of more than 20% per seat will generate an estimated CASM [costs per available seat mile] reduction of approximately 10% compared to our existing narrowbody fleet.”

The deal is valued at $6.5 billion at list prices.

The 737 Max is powered by CFM International’s Leap-1B engines.