Air Europa will incorporate 15 Boeing aircraft between 2024 and 2026

Madrid, Aug 29 (.).- Air Europa will incorporate 15 Boeing (NYSE:) aircraft, 5 of them Boeing 787-9 ‘Dreamliner’, for its long-haul fleet, and 10 Boeing 737 MAX, for the short and medium distance, which will begin to be delivered in early 2024 and the order will be completed throughout 2026, the airline reported in a statement on Monday.

Air Europa has reached an agreement with AerCap Holdings, the world’s largest lessor in the aviation sector, for the leasing of these fifteen new aircraft, while announcing another, reached with Boeing, to work together in the continuous process of modernization of his fleet.

The airline has indicated that the agreement with AerCap is “particularly important” not only because of the volume of the order, but, above all, because Air Europa will be the first Spanish company to add the new Boeing 737 MAX model to its fleet.

As for the agreement with the American manufacturer, it will allow both parties to strengthen the relationship they have had for years, extending it in the long term to unify the planes around Boeing models from next year.

According to Air Europa, the agreement contributes precisely to “consolidating and improving the airline’s relationship with the tenants in the market, by providing firm support for the company’s project”.

The company has explained that the agreement will make it possible to convert the Boeing 787 ‘Dreamliner’ and the new Boeing 737 MAX “into the backbone” of its fleet.

In addition, Air Europa will be the first Spanish airline to operate both models, considered a reference in technological innovation, comfort on board and efficiency in fuel consumption and emission reduction.

Throughout this year, Air Europa has carried out an expansion of its fleet around Boeing models to respond to the “notable” increase in the demand for seats and the reactivation of the sector after the pandemic, the company recalled.

This has made it possible to recover routes and frequencies with its main destinations around the world, especially in America, and to strengthen its key position in the hub (connection center) of the Adolfo Suárez Madrid-Barajas airport.

The vice president of Sales and Marketing of Boeing Commercial Airplanes for Europe, Israel and Turkey, Ricardo Cavero, has highlighted that the new agreements on the restructuring of its 737 MAX and 787 ‘Dreamliner’ orders will provide “full flexibility to Air Europa to grow its operations in a sustainable way.

Likewise, in his opinion, they will allow it to increase the capacity of seats throughout its network, to capitalize on the growing demand that the manufacturer foresees that the transport sector in Spain will have in the coming years.

The agreements with Boeing and AerCap come a few weeks after IAG (BME:) exercised the option to convert the €100 million loan made to Globalia into a 20% stake in Air Europa.

On the other hand, last July, Jesús Nuño de la Rosa, who had spent most of his career as head of the El Corte Inglés Travel Agency, was appointed the new CEO of Air Europa, to be in charge, together with the general management, to consolidate the expansion phase initiated by the airline.