American Airlines orders 47 Boeing 787 Dreamliner valued at $12 billion

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American Airlines orders 47 Boeing 787 Dreamliner valued at $12 billion

American Airlines is ordering 47 new Boeing jets with a combined list price of $12.3 billion to replace some of its oldest planes.

As part of the order, American also announced it was canceling an order for 22 Airbus A350s that was originally placed by US Airways before the two companies' merger.

The order includes 22 787-8s to take flight in 2020 and 25 787-9s scheduled for 2023.

American Airlines president Robert Isom said: "This was a hard decision between the Boeing 787 and the Airbus A350 and A330neo and we thank both manufacturers for their aggressive efforts to earn more of America's business".

American also deferred delivery of 40 Boeing 737 Max narrow-body planes to between 2025 and 2026.

American's President Robert Isom said "This was a hard decision between the Boeing 787 and the Airbus A350 and A330neo and we thank both manufacturers for their aggressive efforts to earn more of American's business". The deal will more than double its 787 Dreamliner fleet and makes American Airlines the largest 787 customer in the Western Hemisphere.

American Airlines has become the latest airline to place a repeat order for the Boeing 787 Dreamliner.

Adding more of the fuel-efficient Boeing aircraft will allow American to simplify its fleet and shed some of its oldest long-range jets.

American now operates a fleet of 35 787s to destinations such as Tokyo, São Paulo and Paris. Hawaiian Airlines, the sole customer for Airbus's A330-800, decided last month to order 10 Dreamliners instead. "Both offer specific aircraft that provide us with the right lift on specific missions across our global network", American president Robert Isom said in a press statement Friday.

Shares of American were up 0.3% after hours, following a 3.6% fall to close Friday trading at $50.29. "This new order shows a strong endorsement for the Boeing 787 family's unique passenger appeal, and unmatched ability to help the airline to open up new routes, and grow profitably", said Kevin McAllister, president and CEO, Boeing Commercial Airplanes. Pictured is one of the 787s already in the airline's fleet.

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