American receives approval for Airbus and Boeing contract modifications

Washington DC
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American Airlines has received bankruptcy court approval for modifications to its aircraft purchase agreements with Airbus and Boeing.

The Fort Worth-based carrier will benefit from unspecified monetary savings and select changes to its delivery schedules as a result of the modifications to its separate agreements with the airframers, following the ruling on 23 January.

American's contract adjustments with Airbus impact its order for 260 A320 family aircraft, including 130 A319s and A320s with deliveries from July 2013 through 2017, and 130 A320neo family aircraft with deliveries from 2017. It requested court approval for the modifications on 2 January.

The changes to American's agreement with Boeing give it the option to convert 20 of its order for 42 787-9s to the -8 variant, as well as to finalise its order for 100 737-8 Max aircraft. It also covers undelivered 737-800s and 777-300ERs.

The airline requested the modifications to its agreement with Boeing on 14 January.