REG - Intl Con Airline Grp - IAG converts A320neo family options to firm orders

International Consolidated Airlines SAAnnouncement

30/06/2023 11:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230630:nRSd5769Ea&default-theme=true

RNS Number : 5769E  International Cons Airlines Group  30 June 2023

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG")

 

IAG converts 10 A320neo family options into firm orders

International Airlines Group (IAG) is converting 10 A320neo family options,
described in the circular published by the Company on 22 September 2022, into
firm orders for 10 A320neos, with the option to convert certain aircraft into
A321neos.

These aircraft will be delivered in 2028 and will be used by any of the
Group's current airlines to replace A320ceo family aircraft.

Luis Gallego, IAG Chief Executive Officer, said: "These latest generation
aircraft are more cost and fuel efficient than those they will replace and
will help towards our commitment to achieve net zero carbon emissions by
2050."

 

 

 Nicholas Cadbury

Chief Financial Officer

 

 30 June 2023

 

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 prices.

·    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 financing source closer to the delivery time.

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

 

 

LEI: 959800TZHQRUSH1ESL13

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFMMMTMTJJBTJ