Iceland's national flag carrier, Icelandair, has announced a commitment to order 12 Boeing 737 MAXs, valued at more than US$1.2 billion at list prices.
The commitment by the Icelandic airline 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," says 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."
Higher Fuel Efficiency, More Passenger Comfort
The 737 MAX is a new-engine variant of the world's best-selling airplane and builds on the strengths of today's Next-Generation 737.
The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability, and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 13% fuel-use improvement over today's most fuel-efficient single-aisle airplanes.
"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," says Todd Nelp, Vice President of European Sales, Boeing Commercial Airplanes.
Reykjavik - Mid-Atlantic Hub
"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."
Icelandair currently operates an all-Boeing fleet of 23 Boeing 757 airplanes for both its passenger and cargo operations.
The Icelandic carrier has leveraged 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 25 international destinations.
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