AMR Corp.’s American Airlines and US Airways Group Inc. said they will follow through on orders for new planes from Boeing Co. and Airbus SAS, rejuvenating fleets amid a merger that creates the world’s largest carrier.
American International Group Inc. ’s plane-leasing business is in talks to buy jets for the first time since 2007 as it seeks to expand after the insurer’s U.S. bailout, the unit’s new chief executive officer said.
Airbus SAS signed lease contracts worth a combined 2.8 billion euros ($3.7 billion) with Jet Airways (India) Ltd. and state-owned Air India, a French government official, who can’t be named according to government rules, said in New Delhi today.
Airbus SAS and Rolls-Royce Group Plc began investigating why an engine on a Qantas Airways Ltd. A380 superjumbo exploded in mid flight, forcing an emergency landing in the worst incident since the aircraft began service in 2007.
Deutsche Lufthansa AG , operator of the biggest aircraft fleet in Europe, said it’s in favor of Airbus SAS and Boeing Co. putting new engines on their existing narrow- body models to help reduce operating costs by about 15 percent.