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IAG Places US$4.7bn Airbus Order

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IAG Places US$4.7bn Airbus Order

IAG Places US$4.7bn Airbus Order
August 06
12:57 2015

MIAMI — International Airlines Group (IAG) has signed a firm order for 31 Airbus aircraft, which includes 11 wide-body aircraft (eight A350-900s, three A330-200s) and 20 A320neos, worth about 4.7 billion dollars.

The owner of British Airways (BA) and Iberia (IB) has converted the widebody order into firm for the Spanish carrier, while the 20 A320neos “will be allocated to the group’s airlines for fleet replacement” said the company in a press release.

During 2013 and 2014, eight A330-300 aircraft were added to Iberia’s fleet as a partial replacement of its Airbus A340-300, and earlier this year, IAG ordered 16 new long-haul aircraft -eight A330-200s to be delivered in 2015 and 2016, and eight A350-900s, due to arrive between 2018 and 2020.

Iberia Airbus A340-300 aircraft (Credits: Roberto Leiro)

Iberia Airbus A340-300 aircraft (Credits: Roberto Leiro)

The new aircraft order will allow Iberia, a oneworld carrier, to open new routes out of its hub in Madrid-Barajas Airport. Last week, the airline has announced plans to launch new services to destinations in Asia, Africa and the Americas over the next two years.

Luis Gallego, Iberia’s executive chairman, said: “This announcement is a confirmation of our commitment to global growth, though always under the premise that sustained profitability is the key criteria.”

With this latest order for 31 aircraft, IAG and its airlines have ordered a total of nearly 450 aircraft from Airbus. IAG’s airlines British Airways, Iberia and Vueling operate between them, nearly every aircraft in Airbus’ product range from the smallest single aisle A318 to the world’s largest wide-body A380.

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About Author

Roberto Leiro

Roberto Leiro

Airline and Aviation Writer, with a Fascination for Languages and History, Translator, Incurable Planespotter and Aviation Enthusiast.

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