Reykjavik, Iceland, Boeing [NYSE: BA] and Icelandair announced a commitment today for 12 737 MAXs, valued at more than $1.2 billion at list prices. The commitment by the Icelandic carrier includes 737 MAX 8s and 9s.
"This commitment is the result of our research into what aircraft manufacturers have on offer to help us strengthen and grow our fleet and our network towards the future," said Bjorgolfur Johannsson, Icelandair Group president and CEO. "We have had a successful relationship with Boeing for decades and we are pleased to continue our cooperation for years to come."
The 737 MAX is a new-engine built on today's Next-Generation Boeing 737. The 737 MAX incorporates the l CFM International LEAP-1B engines in the single-aisle market.
"Over the past decades, Icelandair has successfully utilized its all-Boeing 757 fleet to establish its Reykjavik-based hub as an important gateway between Europe and North America," said Todd Nelp, vice president of European Sales, Boeing Commercial Airplanes. "The introduction of the 737 MAX to Icelandair's operation will complement its existing 757 fleet and ensure the carrier's continued expansion across both continents, offering significant fuel saving with unrivaled passenger comfort."
The 737 MAX also features the new Boeing Sky interior. Icelandair Group currently operates an all-Boeing fleet of 23 757 airplanes for both its passenger and cargo operations. The Icelandic carrier has used the geographical location of its Reykjavik-based hub mid-way between North America and Europe, to build a network of more than 25 international destinations.