IAG Releases Long-Haul Fleet Orders

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Owner of British Airways (BA) and Iberia, International Airlines Group (IAG), has reached agreement with aircraft manufacturer Boeing for new long-haul aircraft for the group’s fleet, subject to approval by IAG shareholders.

It plans to convert 18 existing Boeing 787 options into firm orders for BA, replacing some of the carrier’s Boeing 747-400 aircraft between 2017 and 2021.

For Iberia, IAG has reached agreement with Boeing to secure commercial terms and delivery slots that could lead to an order for Boeing 787s.  Firm orders will only be made when Iberia has restructured and reduced its cost base and is in a position to grow profitably.

IAG’s Chief Executive Willie Walsh commented:  “British Airways has 24 Boeing 787s on order already and we plan to boost this by a further 18 aircraft by exercising our options.”

BA has 118 wide-body long-haul aircraft in its fleet with 42 aircraft – 12 Airbus A380s, 24 Boeing 787s, six Boeing 777-300ERs – already ordered.

Iberia has 31 wide-body long-haul aircraft in its fleet with six Airbus 330 aircraft already ordered.

 

(Image:  Boeing)

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