American orders 85 Airbus A321neo, 85 Boeing 737 MAX 10 airplanes

American Airlines (AAL) announced orders for 260 new aircraft, including 85 Airbus (EADSY) A321neo, 85 Boeing (BA) 737 MAX 10 and 90 Embraer (ERJ) E175 aircraft. The orders also include options and purchase rights for an additional 193 aircraft. As part of the Boeing order, American has upgauged 30 existing 737 MAX 8 orders to 737 MAX 10 aircraft. “The orders are part of American’s continued investment to expand premium seats across its narrowbody and regional fleets and support the long-term strength of the airline’s domestic and short-haul international network,” the company stated. “Over the past decade, we have invested heavily to modernize and simplify our fleet, which is the largest and youngest among U.S. network carriers. These orders will continue to fuel our fleet with newer, more efficient aircraft so we can continue to deliver the best network and record-setting operational reliability for our customers,” said American’s CEO Robert Isom. “We are very pleased to continue our longstanding partnerships with Airbus, Boeing and Embraer with these orders. As we look into the next decade, American will have a steady stream of new aircraft alongside a balanced level of capital investment, which will allow us to expand our network and deliver for our shareholders,” added American’s Chief Financial Officer Devon May.