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.
"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.
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