RSSAmerican deals with AerCap for 35 B737-800 aircraft
Jul 19
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American Airlines said Friday that it has agreed to a sale-leaseback arrangement with an independent aircraft leasing company to finance up to 35 Boeing 737-800 Next Generation aircraft.
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.”
American Airlines also updated its fleet replacement schedule on Friday. The airline plans for delivery of 15 Boeing 737-800s in 2011, 28 in 2012 and 14 in 2013.
American has reportedly been negotiating with Chicago-based Boeing and France-based Airbus to add up to 250 new, fuel-efficient aircrafts to its fleet, according to media reports in recent weeks.
-bizjournals.com