American Airlines Buys Boeings to Improve Fuel Efficiency
American Airlines says it will buy 42 Boeing 787-9 jets as part of a move to improve the fuel efficiency of its fleet. American expects to get the planes delivered from 2012 through 2018. The airline says it has rights to buy up to 58 more copies of the plane later on.
American is the nation’s largest airline, and about half its fleet is composed of fuel-guzzling MD-80 series jets. That became a big disadvantage when jet fuel spiked over $4 per gallon this summer.
The order is the first American Airlines has made for widebody aircraft since 2001, acknowledging that its fleet needs to be overhauled, and signaling some confidence in the future of international air travel.
Boeing’s carbon-composite and titanium 787 is designed to carry about 200 to 300 passengers on long-range flights using 20 percent less fuel than its predecessors.
American’s order is a timely boost for Boeing. Orders for its commercial aircraft have slowed sharply as airlines worry about an economic downturn and its assembly workers have been on strike for more than a month, with no end in sight.
American, the world’s biggest airline by traffic, said it would take delivery of its 42 787-9s between 2012 and 2018. It also took out purchase rights on a further 58 787s that would be delivered between 2015 and 2020.
Source: AP
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