A bankruptcy court in the United States has allowed AMR Corporation, parent company of bankrupt airline American Airlines, to purchase new aeroplanes from Airbus and Boeing.
The order will allow American Airlines to complete transactions it announced in 2011 with Airbus and Boeing prior to filing for bankruptcy protection in November 2011.
The airline has since reduced debt, renegotiated aircraft leases and lowered labour costs by 17%.
Approving the transactions is "in the best interests of the debtors, their estates, creditors and all parties in interest", wrote judge Sean Lane.
American Airlines had announced an order of 200 Boeing 737 planes and 260 Airbus A320s. It plans to take delivery of nearly 60 new planes this year, an AMR spokeswoman said on Friday.
Earlier this month, American reported an annual loss of $US1.9 billion in 2012. Excluding reorganisation and special items, the full-year net loss was $US130 million.
The company recently requested an extension until 11 March for presenting its final restructuring plan.