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IAG To Buy 62 Airbus Planes

Thu, 08/15/2013 - 1:54pm
The Associated Press

LONDON (AP) — International Airlines Group has ordered 62 Airbus aircraft in the A320 family, with a list price of $5.4 billion, to replace aging planes and expand the fleet of its Vueling discount carrier.

IAG, the parent of British Airways and Iberia, says it negotiated a "substantial discount" on the list price without providing further details.

IAG says the deal comprises firm orders for the A320ceo and A320neo for Vueling that will be delivered between 2015 and 2020. The deal includes 58 options for Vueling, based in Barcelona.

In its announcement Wednesday, IAG said it had also secured options to buy another 100 of the A320neo, a fuel-efficient plane known for the upturned wing devices known as "sharklets," because of their resemblance to a shark's fin.

Shareholders must approve the firm orders.

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