Air Canada orders up to 109 Boeing 737MAX aircraft

Air CanadaAir Canada has announced an order for up to 109 Boeing 737MAX aircraft to renew its mainline narrowbody fleet.

The agreement with Boeing, which is subject to completion of final documentation and other conditions, includes firm orders for 33 737 MAX 8 and 28 737 MAX 9 aircraft with substitution rights between them as well as for the 737 MAX 7 aircraft. It also provides for options for 18 aircraft and rights to purchase an additional 30. Deliveries are scheduled to begin in 2017 with 2 aircraft, 16 aircraft in 2018, 18 aircraft in 2019, 16 aircraft in 2020 and 9 aircraft in 2021, subject to deferral and acceleration rights.

Air Canada’s plan is for its total fleet including Air Canada rouge™, excluding aircraft flown by its contracted regional carriers, to grow from 192 aircraft as at September 30, 2013 to approximately 214 by the end of 2019, on a pro forma basis. Additionally, for further growth flexibility, Air Canada has 13 options and rights to purchase 10 Boeing 787 aircraft, rights to purchase 13 Boeing 777 aircraft as well as the 18 options and 30 purchase rights for Boeing MAX aircraft.

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