American Airlines Group to invest USD4.1bn in new aircraft during 2017

American Airlines Group announced (27-Apr-2017) plans to invest USD4.1 billion in new aircraft in 2017 as it continues to renew its fleet. The carrier invested USD1.2 billion as it took delivery of 17 mainline aircraft and five regional aircraft, which will replace aircraft expected to leave the fleet. American also expects to invest USD1.6 billion in non-aircraft capital expenditures in 2017 focused on integrating the airline, product enhancements and operational improvements. [more - original PR] [more - original PR - II] [more - original PR - III]