December 12, 2013 / 12:17 PM / 4 years ago

American Airlines to buy up to 70 of CRJ900 NextGen aircraft

TORONTO (Reuters) - Bombardier Inc BBDb.TO said on Thursday that American Airlines Group Inc would buy 30 of its CRJ900 NextGen aircraft and had also taken options on an additional 40 planes.

A US Airways plane passes American Airlines planes at Ronald Reagan National Airport in Washington April 23, 2012. REUTERS/Kevin Lamarque

The company said based on the list price for the CRJ900 NextGen aircraft, the firm order contract was valued at about $1.42 billion and might increase to about $3.38 billion if the 40 options are converted into firm orders.

American Airlines said the more fuel-efficient aircraft would allow the airline to lower costs by replacing older aircraft.

Reporting by Euan Rocha; Editing by Lisa Von Ahn

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