By Adriano Marchese

Grupo Aeromexico SAB de CV said Friday that it would add 24 new Boeing 737 aircraft as part of its restructured agreements with the manufacturer and certain lessors.

The Mexico City-based airline holding company said the additional aircraft include B737-8 and B737-9 MAX as well as four 787-9 Dreamliner aircraft.

The company said that it expects its first aircraft this year, with nine offering service beginning this summer, and the rest slated to arrive in the second half of 2021 and into the following year.

Aeromexico said these transactions allow it to modify long-term maintenance contracts and reduce leasing costs of 18 other aircraft that are currently part of its fleet, with an estimated total savings of about $2 billion.

"It will also give us flexibility to complete other negotiations and put Aeromexico on a strong path to exit Chapter 11 later this year," Chief Executive Andres Conesa said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

04-23-21 1614ET