The International Airlines Group (IAG) has placed a definitive order for 50 Boeing 737 MAX aircraft, with an option for a further 100.
Shareholders of IAG support the MAX
The International Airlines Group’s shareholders and US manufacturer Boeing agreed to order 50 Boeing 737 MAX aircraft.
25 Boeing 737-8-200s and 25 Boeing 737-10s make up IAG’s purchase. IAG has also retained the right to acquire an additional 100 737 MAX aircraft. The IAG group first revealed its plans to buy 50 MAX jets in May, with an option to buy an additional 100. The decision, nevertheless, required the group’s shareholders to approve it, which has now been verified.
IAG estimates that the 50 MAX jets will be delivered between 2023 and 2027. It’s interesting that, despite IAG being an airline group, the MAX planes’ final destination has not yet been revealed. The Spanish national carrier Iberia, the British flag carrier British Airways, the Irish flag carrier Aer Lingus, and the Spanish low-cost carrier Vueling are all possible recipients of the Boeing 737-8-200 and 737-10.
“New Boeing 737 aircraft are a crucial component of IAG’s short-haul fleet renewal. In keeping with our objective to achieve net zero carbon emissions by 2050, these most recent models of aircraft are more fuel-efficient than those they will replace.”
Luis Gallego, CEO of the IAG Group, said when the Boeing deal was initially announced
The Boeing 737-8-200 and 737-10 are part of IAG’s investment in the group’s short- and medium-haul fleet modernization for the member airlines.
With a commitment for 100 aircraft from the Irish low-cost carrier Ryanair, Boeing introduced the Boeing 737-8-200 in 2014. The “-200″ denotes the number of seats, and the version is based on the 737-8. The increased income potential for the airlines using it, along with a 5% decrease in operating expenses compared to the 737-8, go hand in hand with the expanded capacity.
The MAX-10, the largest model in the family, can accommodate 230 passengers in a single class. With a range of 3,300 nautical miles (6,111 km), the most recent model can go on 99% of all single-aisle routes, including those that the Boeing 757 formerly flew. Additionally, the extraordinarily long range gives its operators new options for network expansion without spending money on bigger aircraft. As the single-aisle market’s most lucrative aircraft and provider of the lowest ever per-seat costs, Boeing refers to the 737-10 as its “rising star.”
Modern CFM International LEAP-1B engines, along with cutting-edge winglets, are standard equipment on all 737 MAX family aircraft, resulting in significant reductions in noise, CO2, and NOx emissions.
“We applaud the shareholders of IAG for their decision to approve a firm order for 50 737-8-200s and 737-10s, with options for an additional 100 aircraft, and we look forward to working with IAG to reintroduce the 737 to the Group’s fleets.”
Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing
IAG’s primary current worry may be the potential delivery delay Boeing may have if the manufacturer misses a deadline in late December for the certification of the variant under the Federal Aviation Administration (FAA).
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