For more news and videos visit ☛ http://english.ntdtv.com
Follow us on Twitter ☛ http://twitter.com/NTDTelevision
Add us on Facebook ☛ http://facebook.com/NTDTelevision
AMR Corp, parent of American Airlines, has announced an historic 40 billion-dollar plane order. The 460 new planes will be bought from Boeing and Airbus, bringing to a head the strategic battle between the world's two largest plane makers.
AMR Corp, parent of American Airlines, said on Wednesday it would buy 460 narrowbody planes from Boeing and Airbus.
It is a historic deal that gives Europe's Airbus a new toehold in U.S. markets, and forces Boeing Company to put a new engine in its best-selling airplane.
The order, which AMR refers to as the largest in aviation history, is valued at nearly 40 billion dollars, and calls for American to buy 200 Boeing 737s and 260 Airbus A320s.
The deal comes after tense haggling, with American Airlines playing the world's two largest plane makers off each other.
Boeing salvaged its portion of the order by offering to put a new engine in its best-selling 737, retreating from a more ambitious plan to completely redesign the plane.
American Airlines last ordered Airbus planes in the late 1980s.
In its gusto to poach a key Boeing customer, Airbus essentially forced Boeing to re-engine its 737 - proceeding directly to a redesigned version would have taken too long to bring to market.
Boeing has been putting off the decision on how to upgrade its 737.
Airbus dominated the Paris Air Show last month with orders for the A320neo, putting pressure on Boeing to respond.
The contest for American Airlines's business has brought to a head the strategic battle between the world's leading plane makers.