20 Jul '11, 7pm

Largest commercial aircraft deal in history goes green:

Largest commercial aircraft deal in history goes green:

Photo: Tom Magliery American Airlines just announced a huge $38 billion commitment to fuel efficient, climate-friendly airplanes with the purchase of 460 new aircraft. American hopes that this purchase will help get it out of its current financial troubles: In the second quarter, parent company AMR lost a whopping $286 million as increased fuel prices overwhelmed a boost in revenue. American is getting the majority of its new planes from European manufacturer Airbus, which has taken a commanding lead in production of the fuel efficient, climate-friendly aircraft the aviation industry is demanding. The move is a further blow to Boeing, the traditional U.S. market leader, which has struggled to keep pace: American hadn't ordered an Airbus plane in 20 years. Among the planes American is ordering from Airbus is the A320neo, which the company says is 15 percent more fuel effici...

Full article: http://www.grist.org/business-technology/2011-07-20-large...

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