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Boeing’s Albaugh expects long-term benefits from AMR bankruptcy filing

Boeing Co.’s (BA) commercial jet chief expects both planemakers and American Airlines to benefit from parent AMR Corp. (AMR)’s bankruptcy reorganization, which may hone the carrier’s competitive edge.

AMR sought court protection from creditors after grappling with soaring fuel expenses while failing to secure cost-cutting labor agreements. The Fort Worth, Texas-based carrier was on track for its fourth consecutive yearly loss.

“I’m really confident that American’s going to come through this restructuring a better company, a more competitive company, and if they’re more competitive and making more money, they’re going to buy more airplanes,” Jim Albaugh, president of Boeing Commercial Airplanes, said yesterday in an interview at Bloomberg’s headquarters in New York. “Longer term, it’s going to be good for them and good for us.”

Full story: Boeing’s Albaugh Expects Long-Term Benefits From AMR Bankruptcy Filing – Bloomberg.