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American Airlines is looking to make a big purchase and upgrade its fleet.
That would replace nearly 40 percent of the airline's current fleet.
According to insiders, American started to work on a deal with Airbus a few weeks ago. Then American went to Boeing and asked for a counter-offer.
Officials at American said retiring some of their older planes would cut maintenance costs and save fuel.
American Airlines hopes to have a deal confirmed before the end of summer.Source: CNN