REG - Intl Con Airline Grp - IAG orders 53 new Airbus and Boeing aircraft

International Consolidated Airlines SAAnnouncement

Today 07:00

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RNS Number : 0468I  International Cons Airlines Group  09 May 2025

 

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

IAG orders 53 new Airbus and Boeing aircraft for its long-haul fleet

 

International Airlines Group (IAG) is ordering 53 new Airbus and Boeing
aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for
British Airways and 21 Airbus A330-900neo aircraft, which can be deployed
within Aer Lingus, Iberia or LEVEL.

Subject to shareholder approval at the IAG's Annual General Meeting in June,
these new aircraft will enable IAG's airlines to grow and replace their
long-haul fleets with modern, fuel-efficient planes. The aircraft will be
delivered between 2028 and 2033.

In addition, the order with Boeing grants British Airways the rights to elect
to purchase up to 10 additional Boeing 787 aircraft and the order with Airbus
grants IAG the rights to elect to purchase up to 13 additional Airbus
A330-900neo aircraft.

Of the proposed 53 aircraft, 35 would serve to replace existing aircraft or,
in the case of LEVEL, replace short-term leases.

As well as the replacements above, the new orders would also allow 18 aircraft
for growth in IAG's core markets.

The Airbus A330-900neo aircraft will be powered by Rolls-Royce engines.
British Airways' Boeing 787-10 aircraft will be powered by General Electric
engines. Both engine orders include comprehensive warranty and maintenance
packages with Rolls-Royce and General Electric, respectively.

These new orders follow orders already placed in March this year, and
announced today, for six Airbus A350-900s for Iberia, as well as six Airbus
A350-1000s and six Boeing 777-9s for British Airways.

Luis Gallego, IAG's CEO, said: "This order marks another milestone in our
strategy and transformation programme and underlines our commitment to
strengthening our airline brands and enhancing our customer proposition.
Looking ahead to the next decade, these new aircraft will enable us to
strengthen our core markets and further improve our customer experience, while
continuing to drive long-term value for our shareholders."

 

ENDS

 

 

NOTE TO EDITORS:

·    The list price is approximately US$374 million for each Airbus
A330-900neo aircraft, stated in January 2025 US Dollar terms.

·    The list price is the sum of the airframe base price, engine price
and the price of optional features against which price concessions are made.
IAG has negotiated a substantial discount from the list price.

·    The list price is approximately US$397 million for each Boeing 787-10
in January 2025 US Dollar terms.

·    The list price is the sum of the airframe list price, engine option
list price and the price of optional features against which price concessions
are made. IAG has negotiated a substantial discount from the list price.

 

Nicholas Cadbury

Chief Financial Officer

9 May 2025

 

LEI: 959800TZHQRUSH1ESL13

This announcement contains inside information and is disclosed in accordance
with the company's obligations under the Market Abuse Regulation (EU) No
596/2014

 

 

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