SEPTEMBER 26TH, 2014
Further fleet harmonization: airberlin reaches agreement with Boeing on cancellation of 33 aircraft
airberlin has reached an agreement with Boeing that orders for 18 Boeing 737 and 15 Boeing 787 aircraft at a price of currently some 5 billion USD be rescinded. The termination agreement for these 33 aircraft does not include any compensation to Boeing from airberlin group, and represents a further important step in the gradual harmonisation of the airline’s narrow-body fleet.
Ulf Hüttmeyer, Chief Financial Officer at airberlin, said: “Not taking on the 33 aircraft ordered will significantly reduce future capital expenditure for airberlin and improve our balance sheet”.
“Our collaboration with Boeing has always been excellent, and this will remain so. 45 Boeing 737 NG aircraft will remain in service on European short and medium-haul routes. In order to operate more flexibly in the future and further reduce costs, standardisation of our fleet is a key element of our restructuring”, Ulf Hüttmeyer continues.
The transition to a uniform narrow-body fleet should be completed by the end of 2016.
airberlin group will continue to dynamically adapt the existing fleet to its needs by purchasing or leasing suitable aircraft, although this will be on a smaller scale than originally planned. Already, airberlin is well positioned, with one of the youngest fleets in Europe.
airberlin is one of the leading airlines in Europe and flies to 171 destinations worldwide each year. The second largest airline in Germany carried more than 31.5 million passengers in 2013. airberlin offers a global route network through its strategic partnership with Etihad Airways, which has a 29.21% share in airberlin, and through membership of the oneworld® airline alliance. The airline with the award-winning service operates codeshare flights worldwide with 18 airlines. The fleet has an average age of five years and is among the most modern and eco-efficient in Europe.