El Al signed an agreement with Boeing to purchase up to 31 Boeing MAX737 aircraft that will replace and augment El Al’s current fleet of narrowbody aircraft. The agreement is a fulfillment of the company’s strategic plan to modernize the aircraft fleet, along with the introduction of new technologies, and increase the supply of seats. This is with the aim of significantly upgrading the service and the flight experience, while at the same time emphasizing the quality of the environment according to the global ESG indicators.
The deal includes the purchase of 20 MAX737 aircraft, and options to purchase up to 11 additional aircraft, which will replace El Al’s current fleet of narrow-body Boeing 737-800 and 737-900 aircraft . The planes are expected to be delivered starting in 2028. The company is buying the most advanced and largest narrow body aircraft offered by Boeing – MAX737, which is considered a leader in area of green energy and ESG, and reducing fuel consumption and greenhouse gas emissions by around 20%.
This is the largest equipment agreement in the history of El Al, which will allow a significant increase in the company’s aircraft fleet, which will join another agreement that El Al recently signed with Boeing for up to nine Dreamliner aircraft (787 -9) buy more.
The MAX737 model aircraft are among the most advanced and modern in the world today, and the purchase puts El Al in line with the world’s leading airlines that have signed agreements to to buy this aircraft model.
The estimated purchase cost of the 20 aircraft, as of their delivery dates, including new engines as well as a spare parts inventory, is expected to be around 1.5 billion US dollars assuming that a ‘ the airline company of choice or to operate the plane using one of the leased aircraft, the total cost can reach up to about 2.5 billion US dollars.
Chairman of the El Al Board of Directors, Amikam Ben Zvi: “Today we are writing a new chapter in the history of the El Al company. The purchase of the Boeing MAX737 aircraft is an important strategic step that will advance El Al’s growth, ensure its future and put it on the same level as the world’s leading airlines. With the completion of the transition in a few years, El Al will present an innovative, technological and advanced fleet of aircraft that will enable it to provide an exceptional service experience and position itself well against the challenges of competition in the market. “
El Al CEO, Dina Ben-Tal Gannasia: “This is the most important milestone for El Al in the years to come which will allow us to provide our customers with the most advanced technology and service experience in the industry. The implementation of the long-term equipment plan that began with the purchase of additional Dreamliners and will end with the current transaction, once again confirms our commitment to the Israeli public and the state, as we are aware of our main role in ensuring open skies. to Israel. By executing our strategic plan, whose goals include fleet expansion, increasing the value proposition to customers, increasing capacity and seating, and more, we will that’s sure to be a strong and growing company for many years to come.”
