British Airways PLC
18 May 2007
NEW SHORTHAUL AIRCRAFT ORDER
British Airways has ordered eight new Airbus A320 family aircraft for delivery
in 2008-2010.
This is the first step towards a single shorthaul fleet across British Airways'
network.
The airline will also upgrade the Gatwick shorthaul fleet by replacing the
oldest 14 Boeing 737s with Airbus A319 aircraft.
Willie Walsh, British Airways' chief executive said: 'We've made considerable
progress at Gatwick, particularly on costs. Gatwick is an important part of our
shorthaul strategy and replacing the older Boeing 737 fleet with Airbus aircraft
will give us flexibility across both airports. This is the first step towards a
single shorthaul fleet.'
British Airways will place a major order for replacement and growth wideboded
aircraft later this year for delivery in the next decade.
ends
May 18, 2007 63/LG/07
Notes to editors:
British Airways currently has a shorthaul fleet of 67 Airbus aircraft. The
order will boost the Airbus shorthaul fleet to 79 aircraft.
At Heathrow, the airline has the following shorthaul fleet: 33 Airbus A319
aircraft, 26 Airbus A320 aircraft, 8 Airbus A321 aircraft, 13 Boeing 757
aircraft and seven Boeing 767 aircraft.
The list price for an Airbus A320 is US$ 66 million.
This document is the summary financial statement for the year ended March 31,
2007 of British Airways Plc, whose details are above. Certain statements
included in this edition of Investor may be forward-looking and may involve
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation,
projections relating to results of operations and financial conditions and the
company's plans and objectives for future operations, including, without
limitation, discussions of the company's business and financing plans, expected
future revenues and expenditures and divestments. All forward-looking statements
in this report are based upon information known to the company on the date of
this report. The company
undertakes no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific
events that could cause the company's forward-looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the
global economy. Fuller information on some of the factors which could result in
a material difference is available in the company's Annual Report and Accounts
for the year ended March 31, 2007, which is available on www.bashareholders.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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