Luxair to Grow Single-Aisle Fleet with Boeing 737 Jets

Rhea-AI Summary

On March 3, 2023, Luxair announced an agreement with Boeing (NYSE: BA) to acquire four fuel-efficient 737-8 jets, expanding its single-aisle fleet. The airline will initially lease two of these jets, set to be delivered in time for the busy summer travel season, and has placed a direct order for two additional units.

The 737-8 promises increased capacity and connectivity, reducing fuel consumption and emissions by up to 20%. Each aircraft will save approximately eight million pounds of CO₂ annually. With a seating capacity between 162-210 passengers, the 737-8 is designed for profitability on various short- and medium-haul routes.

Positive

• Luxair's acquisition of four 737-8 jets enhances fleet capacity and connectivity, supporting growth in summer travel.
• The 737-8 jets will significantly reduce fuel use and emissions, aligning with sustainable operational goals.

Negative

• None.

SEATTLE, March 3, 2023 /PRNewswire/ -- Luxair and Boeing [NYSE: BA] today announced that the Luxembourgian airline has chosen the fuel-efficient 737-8 to expand its single-aisle fleet with an agreement to acquire four jets.

Luxair will initially lease two 737-8s that are due for delivery for the summer, ensuring the airline provides its customers with increased capacity and connectivity to more destinations for the busy summer travel season. It has additionally placed a direct order for two 737-8s.

"Today is a good day for Luxair, our staff and our esteemed clients. Luxair took a large step into the direction of securing its role as the quality airline of Luxembourg and the Greater Region," said Gilles Feith, Luxair CEO. "I want to thank our Board of Directors for this act of trust, our staff members who helped us in the last years, all our valued customers and Cargolux. Today marks just the beginning of the journey of securing the long-term future of Luxair. Much more is yet to come."

The 737-8 will provide flexibility across Luxair's network while reducing fuel use and emissions by up to 20% and on average, each airplane will save up to eight million pounds of CO₂ emissions annually compared to those airplanes it replaces.

"With the selection of the 737-8, Luxair is building a more sustainable operation, significantly lowering CO₂ emissions while offering the latest airplane technology to its passengers," said Ricardo Cavero, vice president, Europe & Israel Sales and Marketing, Boeing Commercial Airplanes. "Reducing noise from takeoffs and landings is a key aspect of environmental performance, especially for communities near airports. The 737-8 is a quieter airplane that helps create a 50% smaller noise footprint than the airplanes it replaces."

The 737-8, seating 162 to 210 passengers depending on configuration and with a range of 3,500 nautical miles, is the market's most versatile single-aisle airplane, capable of operating profitably on short- and medium-haul routes.

Luxair operates a fleet of 19 airplanes, including eight Next-Generation 737s. 

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact
Keelan Morris (London)
+44 (0) 7798 828 790
keelan.j.morris@boeing.com 

Boeing Media Relations
media@boeing.com

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SOURCE Boeing

FAQ

What is the significance of Luxair's recent agreement with Boeing on March 3, 2023?

Luxair agreed to acquire four Boeing 737-8 jets to expand its fleet, which will improve capacity and environmental efficiency.

How many Boeing 737-8 jets is Luxair leasing and ordering?

Luxair will initially lease two 737-8 jets and has placed a direct order for two more.

What are the environmental benefits of the Boeing 737-8 jets for Luxair?

The Boeing 737-8 will reduce fuel consumption and CO₂ emissions by up to 20%, with each jet saving approximately eight million pounds of CO₂ annually.

What is the expected delivery timeline for Luxair's new Boeing 737-8 jets?

The two leased Boeing 737-8 jets are scheduled for delivery in time for the summer travel season.

How does the Boeing 737-8 enhance Luxair's operational capabilities?

With a capacity for 162 to 210 passengers and a range of 3,500 nautical miles, the 737-8 is versatile for both short- and medium-haul routes.