American Airlines Accepts Delivery of Five Boeing 737 MAX Aircraft Year to Date

By Michael Dabaie

American Airlines Group Inc. said it has accepted delivery of five Boeing 737 MAX family aircraft year-to-date and expects an additional six MAX aircraft to be delivered in the balance of 2021 and 10 MAX aircraft in 2022.

The airline in a Securities and Exchange Commission filing Friday said it has financing commitments in place for three of the six MAX aircraft to be delivered in the balance of 2021. American Air said it doesn't have any financing commitments in place for the 10 MAX aircraft to be delivered in 2022.

"We have the right to defer all of the 13 MAX aircraft deliveries that do not have committed financing to 2023 or 2024," the company said.

American said it hasn't accepted any Boeing 787 aircraft year-to-date and expects 19 787 aircraft to be delivered in the balance of 2021 and none in 2022. The company said it has financing commitments in place for all 19.

The company said it accepted delivery of one Airbus A321NEO aircraft year to date. American expects an additional 15 NEO aircraft delivered in the balance of 2021 and 26 in 2022. The company said it has financing commitments in place for all 15 to be delivered in the balance of 2021, and doesn't have in place financing commitment--third party or backstop--for any of the 2022 NEO deliveries.

American also said in the SEC filing it entered into a new equity distribution agreement to sell shares of up to about $1.12 billion.

Write to Michael Dabaie at [e-mail]

(END) Dow Jones Newswires

January 29, 2021 10:03 ET (15:03 GMT)

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