Icelandair Announce Commitment for 12 737 MAXs

REYKJAVIK, Iceland, Dec. 6, 2012 /PRNewswire/ — 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. Boeing looks forward to working with Icelandair to finalize the details, at which time the order will be posted as a firm order to the Boeing Orders & Deliveries website.

“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.”

“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.”

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, as an opportunity to build an ever-growing network of more than 25 international destinations.