American Airlines to replace nearly 40 percent of its fleet

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American Airlines is looking to make a big purchase and upgrade its fleet. The carrier is in talks with Airbus and Boeing to order at least 250 aircraft, worth about $15 billion.

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.