AMR announces huge new plane order from Boeing and Airbus
Posted By RichC on July 20, 2011
For those looking for a bright spot on the horizon for the economy, American Airlines must be seeing a light at the end of the tunnel if they are placing the largest airplane order in history.
American Airlines parent AMR Corp. said Wednesday it reached agreements with Boeing Co. and Airbus to buy 460 single-aisle aircraft, including versions of both manufacturers’ re-engined versions that will be more fuel efficient.
AMR, which has had an exclusive purchase agreement with Boeing for years, said it will purchase 260 Airbus A320s from Boeing’s European rival.
AMR said the deals bring $13 billion in committed financing provided by the plane builders through lease transactions.
via online.wsj.com
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