American Airlines just ordered 50 new Airbus planes - and it's a huge blow to Boeing
- American Airlines has ordered 50 new Airbus A321XLR planes.
- The new Airbus jet is seen as a competitor to the Boeing 757-200. Both are single-aisle aircraft with a long range.
- Bloomberg reports that American will replace its aging fleet of Boeing 757-200 planes with that Airbus order.
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Boeing took yet another hit on Wednesday.
Airbus announced on Wednesday that American Airlines, the world's largest air carrier by passenger traffic, would buy 50 new Airbus A321XLR planes.The A321XLR is a single-aisle plane that can travel up to 4,700 nautical miles - enabling it for trips from the US to Europe. Airbus said in a statement that the aircraft is ideal for less-traveled, long-distance routes that can only be served right now by bulky, widebody aircraft.
"This will enable operators to open new worldwide routes such as India to Europe or China to Australia, as well as further extending the Family's non-stop reach on direct transatlantic flights between continental Europe and the Americas," Airbus said.
But American Airlines already has a fleet of single-aisle jets that fly long distance - 34 Boeing 757-200 planes.
American has been looking to replace that fleet, Bloomberg reported earlier this month. Its latest order of Airbus planes is yet another blow to the ailing, Chicago-based Boeing - particularly because it signals that many other airlines may follow American's lead.
Boeing had no comment to Business Insider concerning the Airbus purchase.As Bloomberg's Mary Schlangenstein, Julie Johnsson, and Benjamin D. Katz wrote:
American, the world's largest airline, is one of a handful of carriers whose fleet decisions will play an outsize role as Airbus and Boeing vie for dominance in a middle-distance segment that overlaps the largest single-aisle and smallest twin-aisle aircraft. Boeing has put product-strategy decisions on the back burner as executives focus on returning the 737 Max to flight after two fatal accidents and a worldwide grounding.
Faulty software on the Boeing 737 Max has led to two fatal crashes in October 2018 and March 2019. The death toll from both crashes totals 346 people. The 737 Max was grounded around the world after the March crash, leading Boeing to a first-quarter loss of $1 billion.
Get the latest Boeing stock price here.