Boeing, Icelandair Finalize Order for 16 737 MAX Airplanes

Wed Feb 13, 2013 11:15am EST

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Icelandic carrier to operate both 737 MAX 8s and 9s
REYKJAVIK, Iceland,  Feb. 13, 2013  /PRNewswire/ -- Boeing [NYSE: BA] and
Icelandair announced a firm order today for 16 737 MAX airplanes, valued at more
than  $1.6 billion  at list prices. The order, originally announced as a
commitment for 12 airplanes in  December 2012, has been increased to 16
airplanes and includes 737 MAX 8s and 9s, as well as purchase rights for eight
additional 737 MAXs. Today's announcement brings the total number of 737 MAXs
ordered to date to 1,180.

"The 737 MAX will complement our Boeing 757 operations seamlessly and allow us
to continue our route expansion in the most fuel-efficient manner," said
Bjorgolfur Johannsson, Icelandair Group president and CEO.  

The 737 MAX builds on the strengths of the world's best-selling Next-Generation
737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B
engines to deliver the highest efficiency, reliability and passenger comfort in
the single-aisle market. Airlines operating the 737 MAX will see a 13 percent
fuel-use improvement over today's most fuel-efficient single-aisle airplanes.

"The 737 MAX will be an excellent addition to Icelandair's all-Boeing fleet,
enabling the carrier to expand its operations across  Europe  and  North America
 with increased fuel efficiency, route flexibility and passenger comfort," said 
Todd Nelp, vice president of European Sales, Boeing Commercial Airplanes.  

The Icelandair Group currently operates an all-Boeing fleet of 23 Boeing 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 35 international destinations.

Samantha Solomon
Boeing Communications
+44 (0)20 8235 5665 (office)
+1 206 304 8127 (mobile)

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