American Airlines (AA) has announced deals to buy 460 narrow-body aircraft – 200 B737s from its long-time supplier Boeing and 260 A320s from competitor Airbus – as part of its massive fleet overhaul. The total order is worth US$38 billion at list prices – $23 billion for Airbus, and $15 billion for Boeing.
The aircraft will be delivered from 2013 to 2022 and under the purchase agreements, AA has the right to procure an additional 465 aircraft through 2025. Aside from being the largest order in aviation history, the deals also marks the first aircraft purchases for AA from Airbus in decades. Meanwhile, AA parent AMR Corp announced that it experienced a net loss of US$286 million during the second quarter of 2011, compared to its $11 million net loss for the second quarter of 2010.