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American Airlines Plans to Acquire Boeing 787 Dreamliners

787 Dreamliner
American Airlines, a founding member of the oneworld Alliance, today announced that we have entered into a purchase agreement with Boeing and intend to acquire 42 B787-9 Dreamliner aircraft scheduled for delivery to American 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.

Today's news demonstrates how American continues to look to the future by investing wisely in industry-leading products and services that will enhance the travel experience for our customers. It is also an example of American's efforts to build a successful, competitive airline for the long-term while continuing to work to overcome the many immediate challenges facing the airline industry.

The new engine technology, aerodynamic improvements, and reduced weight due to the composite fuselage and wings are expected to drive savings of approximately 20 percent over existing wide-body aircraft, providing a cost benefit to American and an environmental benefit to the communities we serve. Additionally, the 787 advanced engine design also provides for a quieter operation, with an estimated noise footprint 60 percent smaller than other aircraft of similar size, benefiting those in the air as well as those on the ground.

Our customers also are expected to benefit from larger overhead bins and windows. The B787 aircraft has the largest overhead bins in the industry - approximately 30 percent larger than comparable aircraft bins. The large 19-inch windows are designed to make the cabin feel more spacious. While American has not made any decisions about the configuration of the aircraft, the 787 is designed to accommodate up to 290 passengers.

The 787 announcement is the latest step in a series of American's fleet renewal efforts. American announced previously that we will take delivery of 76 more fuel-efficient Boeing 737-800 aircraft in 2009 and 2010 as we replace our narrow-body MD-80 fleet. We have also undertaken multiple initiatives over the past several years to enhance our existing fleet with improved cabin interiors, on-board services and passenger amenities on the 767-300, 767-200 and 777 aircraft. Additionally, we continue to invest in the food and beverage product with the launch of our menu variety program for First and Business class customers and new buy-on-board options.