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American Airlines to Acquire Boeing 787-9 Dreamliners

31 October 2008

American Airlines has entered into a purchase agreement with Boeing to acquire an initial 42 Boeing 787-9 Dreamliners.

The aircraft are scheduled for delivery beginning in 2012 and ending in 2018, with the right to purchase up to 58 additional 787s that may be scheduled for delivery beginning in 2015 and ending in 2020.

AMR Chairman and CEO Gerard Arpey said the agreement to purchase 787 Dreamliners is the latest example of the Company's efforts to build a successful, competitive airline for the long-term while continuing to work to overcome the many immediate challenges facing the entire airline industry.

""Even as we battle the challenges of volatile and historically high fuel prices and serious economic uncertainty, we must continue to prudently invest in our Company for the long-term benefit of our shareholders, customers, employees and the communities we serve,"" Arpey said. ""The 787 will help reduce our fuel and maintenance costs, lessen our environmental impact, and support our goal of providing industry-leading products and services over the long haul. Fortunately, our agreement with Boeing, our long-time partner, allows for significant flexibility to manage our fleet replacement and growth plans in the way that best meets all of our stakeholders' interests.""

""American has been a valued and enduring Boeing partner for many years. Its selection of the Boeing 787 Dreamliner for fleet replacement and renewal represents strong validation of the 787's advanced technology and superior operating economics, especially in light of high fuel prices and the need for more environmentally progressive airplanes,"" said Ray Conner, Vice President Sales, Boeing Commercial Airplanes.