The carrier said that it had managed to negotiate better conditions in some long-term maintenance for its existing fleet and leasing contracts.

The agreement "represents a fundamental stage in Aeromexico's transformation for the coming years, under highly competitive economic conditions compared to current market values," the company said in a statement.

It did not disclose the price of the planes.

Aeromexico which already has 107 planes, filed for Chapter 11 bankruptcy protection in a U.S. court in June after the coronavirus pandemic slammed the global travel industry.

(Reporting by Bangalore and Mexico City Newsrooms; Editing by Aurora Ellis)