The world's fourth-largest airline by number of passengers, American is buying 200 Boeing 737s and 260 Airbus A320 aircraft.
American described the twin deals as "the largest aircraft order in history".
Its parent company AMR Corporation added that the new single-aisle planes would "transform" American's fleet.
In a victory for Airbus, the airline moves away from an all Boeing policy when the new aircraft are delivered between 2013 and 2022.
http://www.msnbc.msn.com/id/43822888/ns/business-us_business/t/american-places-massive-billion-jet-order/#.TwjgmIHeJqc
http://www.bbc.co.uk/news/business-14227469
Click on the link below to see the current fleet profile
http://www.aa.com/i18n/amrcorp/corporateInformation/facts/fleet.jsp