Boeing clinches deal to sell 47 jets to American Airlines
American Airlines canceled a deal with Airbus and announced on Friday it intends to purchase 47 new Boeing Dreamliner jets -— handing a win to Boeing in a battle for the business of the world's largest airline.
The Boeing 787 Dreamliner jets are worth a combined sticker price of $12 billion, but Boeing (BA) and American (AAL) both declined to comment on the financial terms of their new purchase agreement.
American said Friday that it had also reached an agreement with Airbus to "terminate its order for 22 A350s" in an effort to "simplify its fleet." The company noted it already owns nearly three dozen 787s.
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