American 787s depend on pilots

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Published: May 16, 2012

American Airlines must sign a new contract with its pilots before it can finalise its purchase agreement with Boeing for up to 100 787-9 aircraft.

The airline does not have a timeline for when it expects to sign a new contract, says Chuck Schubert, vice president of network planning at the carrier, during a stop on Boeing’s 787 dream tour at Dallas-Fort Worth airport on 11 May.

A new contract with its pilots is part of American’s on-going restructuring under chapter 11 bankruptcy.

American signed the purchase agreement for 42 787-9s and the right to buy an additional 58 from Boeing in 2007.

Boeing Capital could participate in the financing of some of those aircraft. Boeing, which holds a seat on the airline’s creditors committee in bankruptcy court, is in a position to offer the financing as part of a standalone restructuring plan for the airline.

Boeing says it prefers not to finance American’s order for the widebody jet but adds that all options are still on the table.

Airbus provided a $ 250 million loan to US Airways for A320 family aircraft as part of the airline’s bankruptcy restructuring in 2005.

American filed for bankruptcy protection in November 2011.

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