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| United Airlines buys 50 aircraft | United Airlines buys 50 aircraft |
| (31 minutes later) | |
| The US's third-largest carrier, United Airlines, has agreed a deal to buy 50 new aircraft. | The US's third-largest carrier, United Airlines, has agreed a deal to buy 50 new aircraft. |
| The company said it will buy 25 planes from each of the two major aircraft manufacturers - Boeing and Airbus. | The company said it will buy 25 planes from each of the two major aircraft manufacturers - Boeing and Airbus. |
| United called the agreement "a significant investment in the company's future", allowing it to cut operating costs. | United called the agreement "a significant investment in the company's future", allowing it to cut operating costs. |
| The investment comes despite recent losses at several major US carriers including United. | The investment comes despite recent losses at several major US carriers including United. |
| The company has ordered 25 Airbus A350 aircraft and 25 Boeing 787 Dreamliners, and has secured the rights to by a further 50 of each aircraft in the future. | |
| Boost for manufacturers | |
| "This aircraft order is another significant step on the path to position United for long-term success in a highly competitive global market," said Glenn Tilton, the chairman of United Airlines' parent company UAL Corporation. | |
| "We are investing in our future, and we are well positioned to take full advantage as the economy recovers in the shorter term." | |
| United Airlines reported a quarterly loss of $63m (£39m) earlier this year. | |
| The deal will also be seen as a boost for both Boeing and Airbus. | |
| The firms, which dominate the aircraft market, have both seen significant delays to the development of their new aircraft in recent months. | |
| Boeing's Dreamliner is currently more than two years behind schedule, while Airbus will begin building the A350 in 2010. |