REG - Intl Con Airline Grp - IAG Airbus fleet order

International Consolidated Airlines SAAnnouncement

30/06/2022 07:15

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RNS Number : 7512Q  International Cons Airlines Group  30 June 2022

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

 

IAG converts 14 A320neo family options into firm orders

 

International Airlines Group (IAG) is converting 14 A320neo family options,
announced in August 2013, into firm orders for 11 A320neos and three A321neos.

 

This is in addition to the conversion of eight A320neo family options which
IAG exercised in March 2022 for six A320neos and two A321neos.

 

These aircraft will be delivered in 2024 and 2025 and will be used to replace
A320ceo family aircraft in the Group's short-haul fleet.

 

These modern, more fuel-efficient aircraft will bring both cost efficiencies
and environmental benefits to IAG airlines.

 

 

Nicholas Cadbury

Chief Financial Officer

 

30 June 2022

 

 

 

 

 

 

 

 

NOTE TO EDITORS:

 

§ The A320neo list price is approximately US$120 million and the A321neo
list price is approximately US$140 million. IAG has negotiated a substantial
discount from the list price.

§ IAG will make the engine selection for the aircraft closer to the delivery
time.

§ The Group has a range of financing options and will choose the most
appropriate source closer to the delivery time.

§ These aircraft orders are consistent with IAG's previously communicated
capital expenditure plans.

 

 

LEI: 959800TZHQRUSH1ESL13

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