The prospects of the use of aluminum -lithium alloys in the aircraft industry are due to their diminished density and high rigidity as compared to the similar properties of alloys without lithium. This makes it possible to diminish considerably the mass of the structure, which greatly influences the fuel and weight efficiency of the product. The demand for such alloys in aircraft engineering grows steadily. The pioneer alloys of this kind belonged to the AI -Mg -Li system, then came AI -Cu -Li alloys. With the recent creation of alloys in the AI -Li -Cu -Mg system the application range of the alloys has widened substantially. Their main disadvantages include the low adaptability to manufacture and the tendency to embrittlement in the process of long-term operation at a temperature much above room temperature, for example, in solar heating. The present paper is devoted to the special features of the decomposition of the supersaturated solid solution in a new promising alloy 1470 (AI -Li -Mg -Cu) and the nature of the phases formed. The obtained results have been used for developing practical recommendations for the choice of regimes for reinforcing heat treatment of semiproducts from alloy 1470.AI -Cu -Li alloys have been developed in Russia to replace the high-strength alloy V95 (AI-Zn-Mg-Cu), and AI-Li-Cu-Mg alloys have been designed for replacing the DI6 alloy (AI-Cu-Mg) used for the production of some aircraft parts.Though the spectrum of problems solved with the help of aluminum -lithium alloys is quite wide and the data on the results of research in the field both in this country and abroad are quite ample, the level of knowledge of these materials remains insufficient for their correct choice and application.The recent tendency consists in using the alloys in the form of various semiproducts with allowing for the stability of the solid solution and the hardenability. For example, alloys of the AI -Mg -Li system are used successfully for the creation of large-size, predominantly welded, heavy-duty elements of structures produced from forged preforms. Alloys of the AI -Cu -Li system are used successfully in the form of pressed profiles, panels, and rolled plates connected predominantly by bolts. Alloys of the AI -Li -Cu -Mg system arc quite suitable for skinning and reinforcing elements in riveted structures in the form of thin-wall pressed profiles and rolled sheets.This demarcation of the application ranges of aluminum -lithium alloys in accordance with the kinds of semiproduct is understandable in terms of the available data on the stability of the supersaturated solid solution.