Spanish carrier Air Europa has converted options for 16 Boeing 737-800 aircraft into firm orders.

Delivery of the aircraft will take place between 2010 and 2014. The jets will replace other 737 aircraft in the carrier’s fleet.

Air Europa had placed the options after firming an original agreement for 18 737-800s shortly after last year’s Paris Air Show.

"Our objective is to remain one of the most modern airlines in Europe with aircraft that are less than ten years old,"

says Juan Jose Hidalgo, chairman of Air Europa parent Globalia Corporación Empresarial.

The airline already has 30 of the type in its fleet and the firmed options give the airline 34 more on order. Boeing values the 16 additional aircraft covered by the options at $1 billion at catalogue prices.

Air Europa will use the jets on Spanish domestic routes as well as services to Europe and northern Africa.

Source: Flight International