REG - Intl Con Airline Grp - IAG orders 37 A320neo family aircraft

International Consolidated Airlines SAAnnouncement

28/07/2022 12:45

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RNS Number : 1221U  International Cons Airlines Group  28 July 2022

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

 

IAG orders 37 A320neo family aircraft

International Airlines Group (IAG) is converting 12 of the A320neo family
options announced in August 2013 into firm orders for A320neos and A321neos.
The Group is also ordering a further 25 A320neo family aircraft with the
option to purchase 50 additional aircraft.

The exact mix of A320neos and A321neos will be decided closer to the delivery
dates.

The firm aircraft will be delivered between 2025 and 2028 and will be used to
replace A320ceo family aircraft in the Group´s short-haul fleet.

The addition of these latest generation more fuel-efficient A320neos is an
important step towards IAG meeting its climate commitments.

The fleet order is subject to approval by IAG shareholders.

 

 Nicholas Cadbury

Chief Financial Officer

 

28 July 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

§ IAG 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.

§ The options to purchase are available for delivery between 2028 and 2030

 

 

 

 

 

 

 

 

 

LEI: 959800TZHQRUSH1ESL13

This announcement contains inside information and is disclosed in accordance
with the Company's obligations under the Market Abuse Regulation

 

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