Sealing the world’s biggest ever aircraft order

Monday, 25 July 2011 00:00 - - {{hitsCtrl.values.hits}}

Tom Horton, President of AMR Corporation, Tom Enders, CEO of Airbus, Gerard Arpey, Chairman and CEO of American Airlines and Jim Albaugh, Executive Vice President of The Boeing Company pose with airplane models after a news conference at DFW International Airport in Dallas, Texas last week. American Airlines split a giant order for 460 single-aisle jets worth up to $40 billion between Boeing Co and its European rival Airbus, which scrambled to win any of the narrowbody deal. The record-large order placed by the AMR Corp unit gives Airbus a stronger foothold in U.S. markets. The deal also rapidly refreshes American Airlines’ aging fleet with more fuel-efficient planes to better compete with US rivals – Reuters