American Airlines to buy 460 jets

Jul 21 2011 - 9:34am

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Jim Dees, the B777 fleet captain at American Airlines smiles after looking over the cockpit of the new Boeing 787 Dreamliner during a tour at Dallas-Fort Worth International airport in Grapevine, Texas, Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history that will include the Boeing 787.(AP Photo/LM Otero)
Boeing chief pilot Chuck Killberg, right, gives a tour of the Boeing 787 Dreamliner to American Airlines' pilots Scott Alderink, second from right, Jim Dees, center left, and John Conrad at Dallas-Fort Worth International airport in Grapevine, Texas, Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history that will include the Boeing 787.(AP Photo/LM Otero)
American Airlines employees Jaime Bustos, left, posses for a photo shot by co-worker Jimmy James with a new Boeing 787 Dreamliner during a tour at Dallas-Fort Worth International airport in Grapevine, Texas Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history. And in a victory for Airbus, it's splitting the work between the European plane maker and Boeing. American will buy 260 planes from Airbus and 200 from Boeing Co. (AP Photo/LM Otero)
American Airlines employees Jaime Bustos, left, posses for a photo shot by co-worker Jimmy James with a new Boeing 787 Dreamliner during a tour at Dallas-Fort Worth International airport in Grapevine, Texas Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history. And in a victory for Airbus, it's splitting the work between the European plane maker and Boeing. American will buy 260 planes from Airbus and 200 from Boeing Co. (AP Photo/LM Otero)
This computer image provided by Airbus Thursday July, 21, 2011 shows a fuel-efficient Airbus A321 Neo aircraft under Americana Airlines colors. American Airlines is revamping its fleet with a record order for at least 460 new jets, a move it says will save fuel and give passengers a quieter, more comfortable ride. American announced Wednesday that it will order 260 planes from Airbus and 200 from rival Boeing Co., and take options to buy 465 more.(AP Photo/Airbus; Fixion)
Jim Dees, the B777 fleet captain at American Airlines smiles after looking over the cockpit of the new Boeing 787 Dreamliner during a tour at Dallas-Fort Worth International airport in Grapevine, Texas, Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history that will include the Boeing 787.(AP Photo/LM Otero)
Boeing chief pilot Chuck Killberg, right, gives a tour of the Boeing 787 Dreamliner to American Airlines' pilots Scott Alderink, second from right, Jim Dees, center left, and John Conrad at Dallas-Fort Worth International airport in Grapevine, Texas, Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history that will include the Boeing 787.(AP Photo/LM Otero)
American Airlines employees Jaime Bustos, left, posses for a photo shot by co-worker Jimmy James with a new Boeing 787 Dreamliner during a tour at Dallas-Fort Worth International airport in Grapevine, Texas Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history. And in a victory for Airbus, it's splitting the work between the European plane maker and Boeing. American will buy 260 planes from Airbus and 200 from Boeing Co. (AP Photo/LM Otero)
American Airlines employees Jaime Bustos, left, posses for a photo shot by co-worker Jimmy James with a new Boeing 787 Dreamliner during a tour at Dallas-Fort Worth International airport in Grapevine, Texas Wednesday, July 20, 2011. American Airlines is buying at least 460 new planes over the next five years in the biggest single passenger jet order in history. And in a victory for Airbus, it's splitting the work between the European plane maker and Boeing. American will buy 260 planes from Airbus and 200 from Boeing Co. (AP Photo/LM Otero)
This computer image provided by Airbus Thursday July, 21, 2011 shows a fuel-efficient Airbus A321 Neo aircraft under Americana Airlines colors. American Airlines is revamping its fleet with a record order for at least 460 new jets, a move it says will save fuel and give passengers a quieter, more comfortable ride. American announced Wednesday that it will order 260 planes from Airbus and 200 from rival Boeing Co., and take options to buy 465 more.(AP Photo/Airbus; Fixion)

DALLAS -- American Airlines Inc. is buying 460 airplanes from Airbus and Boeing Co., the company announced Wednesday, calling it the biggest aircraft purchase in aviation history.

As part of the deal, American is getting about $13 billion in committed financing from the two companies, covering the first 230 deliveries.

"These new deliveries are expected to pave the way for American to have the youngest and most fuel-efficient fleet among its U.S. airline peers in approximately five years," American said in its announcement.

Parent AMR Corp. disclosed the major purchase as it announced a

$286 million loss for the three months ended June 30.

In addition, AMR outlined its plans to spin off its American Eagle regional carrier to AMR shareholders in coming months.

"Strategically, AMR believes a divestiture would be beneficial, as it would help ensure American maintains competitive rates and services for its regional feed into the future," AMR said. "A divestiture would also provide Eagle an opportunity to vie for the business of other mainline carriers."

Among other major disclosures, American said it expects to cut back its flight schedule between the United States and Europe. It is "evaluating its winter flying, and anticipates making seasonal route and day-of-week flying adjustments in early 2012 to improve its results," the company said.

It also wants the flexibility to suspend its new route from New York's Kennedy International Airport and Tokyo's Haneda International Airport.

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