Mexico's Aeromexico rents nine Boeing planes in deal with Air Lease

Mexican airline Aeromexico has reached an agreement to rent nine Boeing planes, Air Lease Corporation said Friday, expanding the carrier's fleet as it emerges from Chapter 11 bankruptcy. Air Lease will provide Aeromexico with two new 737-8s and seven new 737-9s, which will arrive between July 2022 and August 2023, the aircraft leasing company said. The deal comes after Aeromexico said last week it wouldspend $5b over the next five years on upgrades, including revamping its fleet to reach 147 aircraft by the end of the year. "The 737 offers the most modern, fuel-efficient technology to enhance the global capabilities of Mexico's premier airline," Air Lease Corporation Executive Chairman Steven Udvar-Hazy said. Aeromexico declared bankruptcy in mid-2020 after travel demand plummeted following the coronavirus pandemic. The airline came to an agreement with debtors in a US court in January,and then it recently carried out a forward stock split and subsequent reverse split to shuffle company control, formalizing its exit from bankruptcy. <br/>