ar08138k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
_____________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
earliest event
reported: August
8, 2008
AMR
CORPORATION _
(Exact
name of registrant as specified in its charter)
Delaware 1-8400 75-1825172 _
(State of
Incorporation) ( Commission File Number) (IRS
Employer Identification No.)
4333 Amon Carter
Blvd. Fort Worth,
Texas 76155
(Address
of principal executive offices) (Zip Code)
(817)
963-1234 _
(Registrant's telephone
number)
(Former name or former address, if
changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item
1.01 Entry into a Material
Definitive Agreement
On August
8, 2008 American Airlines, Inc. ("American"), a wholly-owned subsidiary of AMR
Corporation, entered into an amendment to Purchase Agreement No. 1977 with The
Boeing Company (“Boeing”).
As part
of American’s fleet renewal plan, American had previously announced its
intentions to take delivery of 70 Boeing 737-800 aircraft over 2009 and 2010;
pursuant to the amendment American has committed to take delivery of 36 737-800
aircraft in 2009 and 40 737-800 aircraft in 2010. In addition to
these aircraft, American has firm commitments for eleven 737-800 aircraft and
seven Boeing 777 aircraft scheduled to be delivered in 2013 - 2016.
Prior to
this amendment, and as outlined in AMR’s second quarter Form 10-Q filing,
American had commitments to purchase 34 Boeing 737-800 aircraft in 2009 and
seven Boeing 737-800 aircraft in 2010. Pursuant to the amendment,
American accelerated the scheduled delivery dates of nine Boeing 737-800
aircraft previously ordered by American from 2013-2014 to 2010. In
addition, American exercised rights to purchase 20 Boeing 737-800 aircraft for
delivery in 2009 and 2010 as part of its previously communicated fleet plan.
Furthermore, American exercised rights to purchase an additional six 737-800
aircraft for delivery in 2010.
Payments
for American’s 737-800 and 777 purchase commitments will approximate $400
million in the remainder of 2008, $1.1 billion in 2009, $785 million in 2010,
$100 million in 2011, $218 million in 2012, and $1.0 billion for 2013 and
beyond. These amounts are net of purchase deposits currently held by the
manufacturer.
In
conjunction with this transaction, American has arranged for backstop financing
of approximately two-thirds of its 2009 and 2010 Boeing 737-800 deliveries,
subject to certain terms and conditions. American could finance all of its 2009
737-800 deliveries under this arrangement should it elect to do
so. Other than this financing arrangement, American currently has no
committed financing for any aircraft that it is committed to purchase or that it
may order.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
AMR
CORPORATION
/s/ Kenneth W.
Wimberly
Kenneth
W. Wimberly
Corporate
Secretary
Dated: August
13, 2008