American Airlines orders 260 new planes, including Boeing Max jets
American Airlines is slated to add over 180 Boeing airplanes to its fleet in next decade
American Airlines purchased 260 planes – including a significant number of Boeing's largest 737 Max airplane – in an effort to boost its domestic and short-haul international network and expand its first-class seating.
The Texas-based carrier placed orders for 85 Airbus A321neo, 85 Boeing 737 Max 10 and 90 Embraer E175 aircraft with the option to purchase an additional 193 aircraft.
American is also converting its 30 existing 737 Max 8 orders to 737 Max 10 aircraft.
American Airlines CEO Robert Isom said these orders "will continue to fuel our fleet with newer, more efficient aircraft so we can continue to deliver the best network and record-setting operational reliability for our customers."
FAA GIVES BOEING 90 DAYS TO DEVELOP PLAN TO ADDRESS 'QUALITY-CONTROL' ISSUES
American is also retrofitting its A319 and A320 fleets beginning next year to increase the number of domestic first-class seats on each aircraft to cater to what it says is "growing customer demand for a premium travel experience."
An American Airlines plane lands on a runway near a parked JetBlue plane. (Joe Raedle / Getty Images)
The news comes as the Federal Aviation Administration (FAA) ramps up oversight of Boeing and its suppliers as a part of its investigation into an Alaska Airlines incident involving a Max 9 jet that lost a door plug mid-flight earlier this year. Part of its efforts included halting production expansion of the Boeing 737 Max.
BOEING TO STABILIZE 737 PRODUCTION LATER THIS YEAR, EXEC SAYS
Late last month, the FAA said it was giving Boeing 90 days to develop a comprehensive action plan that will address "systemic quality-control issues."
FAA Administrator Mike Whitaker said the airplane manufacturer "must commit to real and profound improvements."
The Boeing Co. manufacturing facility in Renton, Washington, on Jan. 7, 2024. (David Ryder/Bloomberg via / Getty Images)
Still, with orders for more than 150 Max jets and 25 Dreamliners, Boeing said American will add more than 180 Boeing airplanes to its fleet in the next decade.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Boeing Commercial Airplanes CEO Stan Deal said in a statement that its team, "is committed to delivering on this new order and supporting American's strategic growth with one of the industry's largest and most modern fleets."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAL | AMERICAN AIRLINES GROUP INC. | 13.88 | -0.25 | -1.77% |
| BA | THE BOEING CO. | 167.22 | +0.41 | +0.25% |
"We deeply appreciate American Airlines' trust in Boeing and its confidence in the 737 Max family," Deal said.