American Airlines Given OK to Buy 11 Airliners by Bankruptcy Judge
American Airlines Boeing 737-800
American Airlines has been given approval by a federal bankruptcy judge to buy 11 Boeing jets in a sale/lease back arrangement it was reported yesterday.
‘Judge Sean H. Lane of the U.S. Bankruptcy Court in Manhattan approved the deal, which calls for AMR to buy 11 of Boeing’s 737-823 planes and sell them to AerCap Holdings N.V. (AER), which will then lease the planes to AMR.
The prices of the planes and other terms were filed confidentially with the court. An AMR spokesman didn’t immediately respond to a request for comment on the financial details.’
AerCap is the 3rd largest aircraft lessor by fleet value, last year agreed to buy up to 35 Boeing 737-800s ordered by AMR before the bankruptcy filing.
American placed a huge order last year for over 400 new jets before they filed for bankruptcy in November.
Category: Airnation
