American Airlines confirms deal to buy 460 aircraft

[Blue_Tires]

Source: DMN

American Airlines Inc. is buying 460 airplanes from Airbus and the Boeing Co., the company announced Wednesday, calling it the biggest aircraft purchase in aviation history.

As part of the deal, American is getting about $13 billion in committed financing from the two companies, covering the first 230 deliveries.

“These new deliveries are expected to pave the way for American to have the youngest and most fuel-efficient fleet among its U.S. airline peers in approximately five years,” American said in its announcement.

Parent AMR Corp. disclosed the major purchase as it announced a $286 million loss for the three months ended June 30.

Among other major disclosures, American said it expects to cut back its flight schedule between the United States and Europe. It is “evaluating its winter flying, and anticipates making seasonal route and day-of -week flying adjustments in early 2012 to improve its results,” the company said.



Read more: http://www.dallasnews.com/business/airline-industry/20110720-american-airlines-confirms-deal-to-buy-460-aircraft-spin-off-american-eagle.ece

[spartan61]

1. I'm happy that AA is finally doing something about their

aging fleet of aircraft, especially their MD 80s. Of course they are buying the new fleet on the backs of their employees who gave HUGE concessions in 2003 with no snapback clauses. The employees were told that AA was on the verge of bankruptcy and the employees' concessions would save the airline. Now the truth is coming out..they were not on the verge of bankruptcy at all. The management "talent" did not concede anything and also made sure they received their bonuses every year, even while the airline was, and still is, losing billions. This "talented" management made the stupid decision to purchase TWA...one of the major reasons for the deep financial doo doo AA finds itself in. All the various work groups are in negotiations (FAs have been negotiating a contract for two years with no end in sight.) I'm sure the airline will be telling the work groups that they cannot afford any raises because they are purchasing new aircraft.

[Sherman A1]

3. Precisely

The TWA deal was bad for AA, certainly bad for TWA & bad for everyone else.

[valerief]

2. What country is going to get the jobs to build them? nt

[Blue_Tires]

4. Sadly, more than half will be in France

http://aa.mediaroom.com/index.php?s=43&item=3286

* 100 737NG family beginning 2013

* 100 737RE family beginning 2017 - global launch customer

* 130 A320 family beginning 2013

* 130 A320NEO family beginning 2017 - U.S. launch customer

[valerief]

5. C'est dommage. nt