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Wednesday, 20 July 2011

Airbus Updates No.357

American Orders 460 Boeing, Airbus Planes

American Airlines parent AMR plans to buy 460 narrow-body Boeing 737s and Airbus A320s beginning in 2013, calling it the "largest aircraft order in aviation history."
It plans to buy 200 Boeing 737s, with options for another 100 737s. It also plans to buy 260 Airbus A320s and will have 365 options and purchase rights for additional aircraft.
American said it would receive about USD$13 billion in financing provided by the manufacturers through lease transactions.
American Airlines said on Wednesday it has the option to convert the new deliveries into variants within the 737 family, including the 737-700, 737-800 and 737-900ER.
The airline also intends to order 100 of Boeing's expected new version of the 737NG, with a new engine. This plane would be powered by CFM International's LEAP-X engine, the airline said.
The market for narrow-body jet sales is estimated at USD$2 trillion over 20 years and is split between Boeing and Airbus, whose A320 has made substantial US inroads.
Airbus said last year it would put a more fuel-efficient engine on its A320 family and call it "A320neo." The A320neo aircraft is scheduled to enter service in late 2015.
AMR reported a net loss of USD$286 million for the second quarter, compared with a year-ago loss of USD$11 million.

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