- Air Canada (TSX:AC) has placed an order with The Boeing Company (NYSE:BA) for 18 Boeing 787-10 Dreamliner aircraft
- They will be used to replace older, less efficient wide-body aircraft currently in Air Canada’s fleet
- The 787 reduces fuel use and improves efficiency by up to 25 per cent compared with previous generation jets
- Air Canada stock opened trading at C$19.01 per share
The new aircraft are set to be delivered by the beginning of Q4 2025 with the last aircraft scheduled to land in Q1 2027. They will be used to replace older, less efficient wide-body aircraft currently in Air Canada’s fleet. The agreement also includes options for another 12 Boeing 787-10 aircraft, which will provide flexibility for growth to meet future customer demand.
The 787 reduces fuel use and improves efficiency by up to 25 per cent compared with previous generation jets.
“With the 787 Dreamliner family, Air Canada will soon operate one of the most modern, efficient widebody fleets in the world,” Boeing Commercial Airplanes President and CEO Stan Deal said in a statement. “The 787-10 will provide Air Canada with greater flexibility and commonality across its expansive network.”
“Our experience shows customers greatly enjoy flying on the Dreamliner, so we are pleased to offer them a larger version of this popular aircraft, which will premiere a new, state-of-the-art interior cabin design,” Air Canada’s president and CEO, Michael Rousseau, said in a news release. “As importantly, the 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions.”
Air Canada currently operates a fleet of 38 787s, including eight 787-8 and 30 787-9 jets. The largest model in the family, the 787-10, can carry up to 336 passengers with a range of 11,730 kilometres.
Recently, the Montreal-based airline was the victim of a cyberattack that has compromised the personal information of an undisclosed number of employees.
Air Canada is Canada’s largest airline, providing service to more than 180 airports in Canada, the United States and internationally across six continents.
Air Canada stock opened trading at C$19.01 per share. The stock is up by 5.7 per cent since this time last year.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.