ar-headerBuenos Aires, December 22, 2016. Aerolíneas Argentinas, together with Boeing and CFM International, is to execute an agreement, allowing the Argentine flag carrier the incorporation of new and modern aircraft, offering greater comfort and cabin space, as well as maintaining high rates of punctuality in its operation.

This agreement resumes negotiations where Aerolíneas Argentinas has a clear idea to cut down subsidies and asked to reschedule the delivery of aircraft. It is part of a plan to renew the fleet, which has been honored improving the financing conditions.

Aerolíneas Argentinas renegotiated a technical debt under the agreement, which was inherited from the previous administration, and in turn incorporates the first 737 MAX for Latin America in November and December, 2017. The agreement ratifies the incorporation of the first 6 737-800 NG of this new agreement (Aerolíneas already has 800NGs) between October 2016 and October 2017. On October 15, the first such aircraft was delivered.

The 737 MAX 8 is a modern, efficient, and sustainable aircraft, capable of flying longer distances, with a 40% smaller noise footprint, while the new engine technology will save the Aerolíneas Group 14% in fuel compared to previous models.

“After negotiating for the last 6 months, this agreement allows us to continue incorporating aircraft to comply with the Strategic Plan to make Aerolíneas Group a sustainable company, with zero deficit. Furthermore, it gives us a more realistic payment scenario at a moment, where we have to be extremely cautious with our budgeting”, said Pablo Miedziak, Financial Director of Grupo Aerolíneas and main negotiator of this agreement.

About Aerolíneas Argentinas 

Founded in 1950, Aerolíneas Argentinas is one of the leading companies in South America. From its operational base in Jorge Newbery Airport and Ezeiza International Airport in Buenos Aires, Aerolíneas Argentinas flies to 23 international destinations in America and Europe. Along with Austral Líneas Aéreas, Aerolíneas operates flights to 37 destinations in Argentina, connecting more cities in the Argentine territory than any other airline. The Aerolíneas Group is developing a feet renewal program, which consists of Airbus 330, Airbus 340, Boeing 737-700/800 and Embraer 190 aircraft. Aerolíneas Argentinas is a member of the SkyTeam Global Alliance since September 2012.

For Information and Media Inquiries, please contact:

Aerolineas Argentinas Canada Office

E: aerolineasargentinas@airlinepros.ca

P: T: 877 944 4349

www.airlinepros.com/portfolio/aerolineas-argentinas

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