Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"Even as we battle the challenges of volatile and historically high fuel prices and serious economic uncertainty, we must continue to prudently invest in our Company for the long-term benefit of our shareholders, customers, employees and the communities we serve. The 787 will help reduce our fuel and maintenance costs, lessen our environmental impact, and support our goal of providing industry-leading products and services over the long haul. Fortunately, our agreement with Boeing, our long-time partner, allows for significant flexibility to manage our fleet replacement and growth plans in the way that best meets all of our stakeholders’ interests."

Source: Gerard Arpey, CEO of American Airlines parent AMR Corp, in announcing Wednesday the carrier intends to order 42 Boeing 787-9 Dreamliners. Under terms of the agreement, American would take delivery of its first 787 in 2012. Those deliveries would run through 2018; American also has purchase rights for another 58 planes as needed, with those deliveries starting in 2015 and ending in 2020. A caveat states American must notify Boeing of its intent to purchase a 787 at least 18 months prior to its scheduled delivery date, with the first scheduled delivery date occurring in September 2012. In that sense, even the initial "firm" orders appear to be little more than a highly-glorified letter of intent.

FMI: Click Here For The Story