IAG orders 37 A320neo family aircraft

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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