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Delta will wait for new planes to mature: CEO

Delta Air Lines is letting a wave of orders for the newest planes on the market roll by, giving the jets time to prove themselves before buying, its chief executive told Reuters on Wednesday.While other airlines have ordered more than 3,000 of the next generation narrow-body models, the Boeing 737 MAX and the Airbus A320neo, Delta says it is playing it safe."We'd rather get toward the end of a production line" and buy the jet after it has the kinks worked out and has been lengthened to hold more passengers, Chief Executive Officer Richard Anderson said in an interview at Reuters' New York headquarters.The economics of stretched planes, he said, "are always better than the original economics."Delta stands out its willingness to take a different tack than its rivals. On Friday, it will unveil a $1.2 billion overhaul and expansion of its passenger hub at New York's John F. Kennedy Airport that, along with new interiors on older jets, will make its offering more competitive in that key mar...

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  1. Delta will wait for new planes to prove themselves: CEO

    U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before orderi...

  2. US Airways plane makes unusual belly landing at Newark airport

    NEWARK, New Jersey (Reuters) - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane's...

  3. Two unions seek to combine in American, US Air merger

    Two unions that represent ground workers at American Airlines and US Airways Group said on Tuesday they would combine to become the bargaining agent for nearly 30,00...

  4. American Air, US Airways Take Steps Toward Worker Integration

    American Airlines is seeking bankruptcy-court approval for its plans to integrate its union workers with those of US Airways Group Inc. (LCC) upon the completion of ...

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    AMR Corp. (AAMRQ) on Thursday received a judge's approval of up to $3.25 billion in new financing secured by its Latin American assets, money the American Airlines p...

  6. Delta to restart dividend, launch share buyback program

    Delta Air Lines Inc plans to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyba...

  7. US Airways says April unit revenue down 4 percent

    US Airways Group on Friday said an important revenue measure fell in April, as it grappled with disruptions caused by furloughs of U.S. air traffic control staffers....

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