Thu, Oct 16, 2008
Aero-News: Quote of the Day
ANN's Quote of the Day usually derives
from current news, though we reserve the right to pick quotes out
of history that have a bearing on the day's events and
issues.
Sometimes, you'll find them timely and in keeping with the
content of the day's news... and sometimes, they'll just be
thought-provoking.
Reader suggestions and comments are welcome... and if
particularly intriguing, timely, or poignant, may themselves become
future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"Even as we battle the challenges of volatile and
historically high fuel prices and serious economic uncertainty, we
must continue to prudently invest in our Company for the long-term
benefit of our shareholders, customers, employees and the
communities we serve. The 787 will help reduce our fuel and
maintenance costs, lessen our environmental impact, and support our
goal of providing industry-leading products and services over the
long haul. Fortunately, our agreement with Boeing, our long-time
partner, allows for significant flexibility to manage our fleet
replacement and growth plans in the way that best meets all of our
stakeholders’ interests."
Source: Gerard Arpey, CEO of American Airlines
parent AMR Corp, in announcing Wednesday the carrier intends to
order 42 Boeing 787-9 Dreamliners. Under terms of the agreement,
American would take delivery of its first 787 in 2012. Those
deliveries would run through 2018; American also has purchase
rights for another 58 planes as needed, with those deliveries
starting in 2015 and ending in 2020. A caveat states American must
notify Boeing of its intent to purchase a 787 at least 18 months
prior to its scheduled delivery date, with the first scheduled
delivery date occurring in September 2012. In that sense, even the
initial "firm" orders appear to be little more than a
highly-glorified letter of intent.
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