08 Aug IAG places order for 31 Airbus jets
IAG, parent company of British Airways, Iberia and low-cost carrier Vueling, has placed an order for 31 Airbus aircraft. The order has a combined value of $5.25 bn at list prices and AeroAnalysis estimates the maximum order value after discounts to be $2.6bn.
IAG ordered 20 Airbus A320neos, Airbus’ most fuel efficient narrowbody aircraft, 8 Airbus A350-900 aircraft and 3 Airbus A330-200 aircraft.
The order for the Airbus A320neo is relatively small, given the 4,000+ backlog for Airbus’ newest narrow body product.
On the other hand the order for the Airbus A330-200 shows the strength of the Airbus A330 program. Earlier this year Airbus signed an agreement with China-based CAS for the purchase of 45 airframes and a Memorandum of Understanding for another 30 and also launched the Airbus A330 Regional. The robust order inflow Airbus has been seeing recently shows that the rate cut that AeroAnalysis deemed inevitable eventually might be a rate cut that Airbus announced too soon.
With the order for the Airbus A320neo and Airbus A350-900 IAG is adding fuel efficient aircraft to their fleet, which will save the company money once fuel prices will rise again. The ordered Airbus A330 aircraft are the backbone of Iberia’s growth in the long-haul segment.