AMR Corp. discloses delay in first Boeing Dreamliner delivery

theflyonthewall.com

AMR Corp. (AAMRQ) said in a regulatory filing earlier today that American's first Boeing (BA) 787-9 Dreamliner aircraft delivery, previously scheduled for 2014, has been delayed due to production issues. The assumption of the agreements related to the order is subject to collaboration with key stakeholders and, in some instances, approval of the bankruptcy court, AMR added." The company stated that it "cannot predict what the outcome of discussions with these stakeholders and of the Bankruptcy Court process will be." American has selected GE (GE) Aviation as the exclusive provider of engines for its expected order of Dreamliner aircraft. In 2008, AMR's American entered into a purchase agreement with Boeing to acquire 42 Boeing 787-9 Dreamliners, with the right to acquire an additional 58 aircrafts. The delay disclosure was first reported by Bloomberg News. Shares of Boeing moved lower as the reports of the delay circulated, and are currently down 38c to $73.10 in mid-day trading.

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