July 25, 2012 / 2:21 PM / in 5 years

Aeromexico places historic $11 billion Boeing order

MEXICO CITY (Reuters) - Mexico’s largest airline Aeromexico on Wednesday placed an $11 billion order with Boeing (BA.N), in what the company said was the biggest aircraft investment by a Mexican airline in the country’s history.

The order is for 90 737-8 planes and 10 Dreamliners, Aeromexico (AEROMEX.MX) said in a statement.

Aeromexico, which went public last year, said the Dreamliners will begin arriving in the summer of 2013 and the 737-8 aircraft will be delivered starting in 2018.

Delta Air Lines (DAL.N) in June bought a 4 percent stake in Aeromexico for $65 million.

Aeromexico increased its market share after rival Mexicana ceased operations before filing for bankruptcy in 2010.

    The Mexican airline’s shares were unchanged in early morning trading.

    Boeing, which posted better-than-expected results on Wednesday, is on track to overtake rival Airbus EAD.PA in plane deliveries this year.

    Reporting by Elinor Comlay and Veronica Gomez; Editing by Maureen Bavdek

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below