Tuesday, November 29, 2011

American Airlines Keeps Bets On New Jets Despite Bankruptcy

Furthering its ambition to build the youngest and most fuel-efficient fleet of aircraft in the U.S. over the next 5 years, American Airlines announced its plans earlier this year to make the largest aircraft order in history despite filing for bankruptcy.

American Airlines will take order of 460 narrowbody jets comprising a mix of Boeing 737s and Airbus A320s. [1] Tom Horton, president of American Airlines and its parent, AMR Corp., said, “The A319 and A321 aircraft will strengthen our fleet, helping us dramatically improve our fuel and operating costs, while at the same time offering our customers the chance to fly in aircraft that are designed to greatly enhance their travel experience.” [1] Competing airlines, including United Continental Holdings, Delta Airlines and, to a lesser extent, US Airways, continue to suffer from high fuel costs, which are further burdened by inefficient, outdated aircraft.

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