FORT WORTH, Texas, Aug. 13 /PRNewswire-FirstCall/ -- American Airlines,
Inc., a wholly-owned subsidiary of AMR Corp. (NYSE: AMR), announced today
it will take delivery of another six Boeing 737-800 aircraft in 2010,
bringing the total of 737-800s to be delivered to American in 2009-2010 to
American signed an amendment to its purchase agreement with Boeing
under which, among other things, American exercised its rights to purchase
20 737-800 aircraft for delivery in 2009 and 2010 as part of its previously
communicated fleet plan. In addition, American will accelerate the
replacement of its MD-80 aircraft by taking delivery of six additional
737-800s in 2010. American now has committed to take delivery of 36 737
aircraft in 2009 and 40 in 2010. The total of 76 737-800 deliveries in
2009-2010 compares to 70 aircraft as announced previously. Beyond this,
American still has firm commitments that were made previously for 11 737s
in 2013. American continues to evaluate opportunities to accelerate MD-80
replacement with additional 737s.
American also said that it has arranged backstop financing for
approximately two-thirds of its Boeing 737-800 deliveries in 2009 and 2010.
All of American's 2009 deliveries may be financed under this agreement
should American elect to do so. Additional details of the financing
arrangement are confidential and are not being disclosed at this time.
The announcement is another step in American's execution of its fleet
renewal plan designed to replace its MD-80 fleet with more fuel-efficient
737 aircraft, lessen the airline's impact on the environment, and continue
to invest in products and services for the benefit of customers.
"Today's announcement is another example of how American continues to
take concrete steps in an effort to manage through the current industry
challenges," said Tom Horton, AMR's Executive Vice President of Finance and
Planning and Chief Financial Officer. "Replacing MD-80s with 737s at
current fuel prices provides financial benefits while enhancing our
products and services for customers. Fleet replacement remains a key
element of the actions we are taking to better position our company for
About American Airlines
American Airlines is the world's largest airline. American, American
Eagle and the AmericanConnection(R) airlines serve 250 cities in over 40
countries with more than 4,000 daily flights. The combined network fleet
numbers more than 1,000 aircraft. American's award-winning Web site,
AA.com, provides users with easy access to check and book fares, plus
personalized news, information and travel offers. American Airlines is a
founding member of the oneworld(R) Alliance, which brings together some of
the best and biggest names in the airline business, enabling them to offer
their customers more services and benefits than any airline can provide on
its own. Together, its members serve nearly 700 destinations in over 140
countries and territories. American Airlines, Inc. and American Eagle
Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines,
American Eagle, the AmericanConnection(R) airlines, AA.com, We know why you
fly and AAdvantage are registered trademarks of American Airlines, Inc.
Current AMR Corp. releases can be accessed on the Internet.
The address is http://www.aa.com
SOURCE American Airlines, Inc.