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American Airlines | 8-K: American Airlines Places Orders for Airbus, Boeing and Embraer Aircraft

SEC announcement ·  Mar 5 08:02
Summary by Moomoo AI
American Airlines Group Inc. has entered into significant purchase agreements with major aircraft manufacturers, as reported in a Form 8-K filed with the SEC. On March 2, 2024, the airline finalized a deal with Airbus S.A.S. for 85 A321neo aircraft, with an option for 75 more. Subsequently, on March 4, 2024, American Airlines secured an agreement with The Boeing Company for 85 Boeing 737 MAX 10 aircraft, with an option for an additional 75. The airline also converted 30 of its existing orders for 737 MAX 8 aircraft to the 737 MAX 10 model. Deliveries of the Airbus A321neo are expected to start in 2027, while the Boeing 737 MAX 10 deliveries are anticipated to begin later in the decade. Additionally, American Airlines announced a deal with Embraer S.A. for 90 Embraer 175 regional aircraft, with purchase rights for...Show More
American Airlines Group Inc. has entered into significant purchase agreements with major aircraft manufacturers, as reported in a Form 8-K filed with the SEC. On March 2, 2024, the airline finalized a deal with Airbus S.A.S. for 85 A321neo aircraft, with an option for 75 more. Subsequently, on March 4, 2024, American Airlines secured an agreement with The Boeing Company for 85 Boeing 737 MAX 10 aircraft, with an option for an additional 75. The airline also converted 30 of its existing orders for 737 MAX 8 aircraft to the 737 MAX 10 model. Deliveries of the Airbus A321neo are expected to start in 2027, while the Boeing 737 MAX 10 deliveries are anticipated to begin later in the decade. Additionally, American Airlines announced a deal with Embraer S.A. for 90 Embraer 175 regional aircraft, with purchase rights for 43 more, with deliveries starting in 2025. These orders are part of American's strategy to expand premium seating across its narrowbody and regional fleets and to support the airline's domestic and short-haul international networks. The company expects to stay within its previously announced capacity and capital expenditure guidance, despite these new orders. The press release detailing these orders was included as Exhibit 99.1 in the SEC filing.

This announcement is a separate document:

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