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January 13, 2012

American asks bankruptcy court to get rid of 18 planes

HANGAR_5_-2_12996459American Airlines wants to get out of leases on 18 aircraft, most which are parked in the desert in New Mexico, according to a bankrutpcy filing made on Friday.

The filing identifies leases on 10 Boeing 757-200s, 6 McDonnell-Douglas MD-80s and one Airbus A300 aircraft that the Fort Worth-based carrier wants to shed. Thirteen of the planes are currently located at the Roswell International Air Center.

The aircraft range in age from 17 to 23 years old.

"In view of the large number of aircraft American Airlines has on order, it seeks to accelerate its fleet renewal strategy. To meet all of these goals, the Debtors are analyzing the benefits of rejecting leases, selling and abandoning owned aircraft and engines, and contemplating methods for the return and surrender of rejected and abandoned aircraft and engines," the company said in the filing.

Earlier this week, American filed a motion to keep 85 planes that were mostly between 11 and 13 years old. The aircraft listed were Boeing 737-800, 757-200, 767-300ER and 777-200ER models.

The carrier has already terminated leases on 20 MD-80s and four Fokker 100s and its regional carrier, American Eagle, has asked to keep 47 Bombardier CRJ-700s, paying $10.2 million to bring 19 up to date.

As of September 30, American had 616 aircraft in its fleet, as well as 52 planes that it owned or leased but was not operating.

-Andrea Ahles

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Comments

Rickey L. Benningfield

If the Aircraft are sitting in the Desert at Roswell N.M. then they should by all means GO-they are doing nobody any good and are costing money that can't be "RE-GENERATED" by their flights.

dirtysanchaz

Wow 52 planes that have been parked and haven't been flown in years some of the planes up to 23yrs old. Who in there right mind would sign a long term lease on an aircraft this long. I think they need to look in the mirror and say I don't blame my employees I made a lot of bad mistakes that help drive this company into bankruptcy there for we need to get someone else here to run this company because I have failed. How can a blunder like this happen without anyone saying anything is there board that blind.

TiredOfPanderingANDREA

I think they ought to get rid of one USELESS VICE PRESIDENT for every airplane they get rid of.

Richard

Would passing SOPA mean we could censor TiredOfPanderingANDREA? Might be worth it...

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