More bidding by Airbus, Boeing for AMRs Rapid New Fleet order

Discussion in 'American Airlines | AAdvantage' started by stuartfla, Jul 10, 2011.  |  Print Topic

  1. stuartfla
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    stuartfla Silver Member

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    http://online.wsj.com/article/SB10001424052702304584404576437920837206998.html?mod=googlenews_wsj

    "Airbus wants to break Boeing's monopoly at American and has assembled a team of lenders and leasing firms to help the European company dangle almost $6 billion in preferential financing, people familiar with the proposal said. Airbus's offer has a catalog value of almost $23 billion, but that is being heavily discounted, the people said...offering American 130 of the current-generation A320s and 130 of the more fuel-efficient A320neo, the new engine option slated to enter service in 2015.
    Boeing wants to keep Airbus out of American hangars but is treading a razor's edge in its offer that won't hurt its bargaining position at other airlines, a person familiar with the talks said. Jim Albaugh, chief executive of Boeing's commercial airplane unit, is expected to meet with American officials on Monday. Boeing is offering 737-800s and 737-900 Extended Range planes, people familiar with the matter said, but the price and financing terms were..."
    -WSJ JULY 11, 2011
     
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  2. JohnDeere19
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    JohnDeere19 Gold Member

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    Wow, looks like AA is really playing their cards right here...have to say, this is some impressive work.
     
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