International Cons Airlines Group IAG Airbus fleet order (7512Q)
June 30 2022 - 2:07AM
UK Regulatory
TIDMIAG
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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