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BusinessNovember 25, 1996

GRAPEVINE, Texas -- American Airlines signed up Boeing to be its sole supplier of up to 630 jets to refurbish its fleet over the next 20 years. The agreement announced by both companies Thursday commits American to buying 103 jets by 2001 and gives it the right to purchase an additional 527 by 2018. The unprecedented flexibility is aimed at smoothing out the boom and bust cycles that have plagued airlines and aircraft makers...

GRAPEVINE, Texas -- American Airlines signed up Boeing to be its sole supplier of up to 630 jets to refurbish its fleet over the next 20 years.

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The agreement announced by both companies Thursday commits American to buying 103 jets by 2001 and gives it the right to purchase an additional 527 by 2018. The unprecedented flexibility is aimed at smoothing out the boom and bust cycles that have plagued airlines and aircraft makers.

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