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Friday, August 16, 2013

IAG Orders 220 Airbus Jets for $20 Billion

British Airways and Iberia owner International Consolidated Airlines Group (IAG) on Thursday announced firm orders and options for up to 220 Airbus A320s, a deal worth $20 billion at current list prices. 

The order includes 62 firm orders for Vueling, a regional subsidiary carrier for IAG. Along with the firm orders, and IAG has options to purchase 58 additional A320 new engine option (neo) aircraft for Vueling. 

According to a statement, the 100 optional aircraft, outside of the Vueling order, could bring new planes to any one of its three subsidiary carriers -- British Airwyas, Iberia and Vueling. 

IAG's latest order with Airbus indicates a shift for the group toward A320s from Boeing's 737s, as IAG currently only operates 18 of Boeing's 737s, and as of today they operate a total of 231 A320s. 

"In addition to the Vueling order, we have also been able to secure a further 100 A320neo options for all the airlines in the Group," Willie Walsh, chief executive at IAG, said in a statement. 

Vueling currently features 70 A320 family aircraft within its commercial fleet. 


Related: Aviation Today's Checklist

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