Icelandair has signed a firm order with Boeing
for 16 737 Max airplanes, valued at more than $1.6 billion at list
The order, originally announced as a
commitment for 12 airplanes in December 2012, has been
increased to 16 airplanes and includes 737 Max 8s and 9s, as well
as purchase rights for eight additional 737 Maxs.
"The 737 Max will complement our Boeing 757
operations seamlessly and allow us to continue our route expansion
in the most fuel-efficient manner," said Bjorgolfur Johannsson,
Icelandair Group president and CEO.
The 737 Max incorporates the latest-technology
CFM International LEAP-1B engine. Boeing says that airlines operating
the 737 Max will see a 13% fuel-use improvement over
today's most fuel-efficient single-aisle airplanes.
737 Max will be an excellent addition to Icelandair's all-Boeing
fleet, enabling the carrier to expand its operations across Europe
and North America with increased fuel efficiency, route
flexibility and passenger comfort," said Todd Nelp, vice president
of European Sales, Boeing Commercial Airplanes.
Icelandair Group currently operates a fleet of 23
Boeing 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, as
an opportunity to build an ever-growing network of more than 35
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