Boeing and Icelandair announced an order Wednesday for 16 737 MAX airplanes to accompany their Boeing 757 fleet, which is used for both cargo and passenger operations.
The 16 planes are valued at more than $1.6 billion.
“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 Icelandair Group operates a fleet of 23 Boeing 757 airplanes. Including the order of 16 737 MAX airplanes, the total number of 737 MAXs ordered are 1,180.
The carrier uses Reykjavik, Iceland as a hub between North America and Europe to build a network of more than 35 international destinations.