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The arrangement calls for 29 firm deliveries, including 26 previously ordered aircraft and three newly ordered aircraft. The arrangement also covers six more 737-800 Next Generation aircraft subject to purchase rights for possible delivery in 2013-2014.
Under the sale-leaseback arrangement, AerCap will purchase the aircraft from American and lease them back to the Fort Worth-based carrier.
“We are pleased to significantly expand our relationship with AerCap and diversify our financing strategies,” said Bella Goren, chief financial officer for AMR Corp., American’s parent company. “This arrangement is a great reflection of the flexibility we have to efficiently raise capital in support of AMR’s strategic fleet renewal efforts.”