Boeing 737-8200 and 737-10 order

RNS Number : 0215M

International Cons Airlines Group

19 May 2022

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

Boeing 737-8200 and 737-10 order

International Airlines Group (IAG) has reached agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft, plus 100 options.

The aircraft will be delivered between 2023 and 2027 and can be used by any airline in the Group for fleet replacement.

Luis Gallego, IAG´s chief executive, said: " The addition of new Boeing 737s is an important part of IAG´s shorthaul fleet renewal. These latest generation aircraft are more fuel efficient than those they will replace and in line with our commitment to achieving net zero carbon emissions by 2050."

The fleet order is subject to approval by IAG shareholders.

Nicholas Cadbury

Chief Financial Officer

19 May 2022

NOTE TO EDITORS:

§ The B737-8200 list price is approximately US$120 million and the B737-10 list price is US$130 million. IAG has negotiated a substantial discount from the list price.

§ IAG has a range of financing options and will choose the most appropriate source closer to the delivery time.

§ The options are available for delivery between 2025 and 2028.  

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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