Friday, August 7, 2015

Running IAG options to purchase eight Airbus Iberia – The Economist

The IAG airlines consortium, which brings together British Airways and Iberia announced on Thursday a firm order for eight Airbus A350 and three A330 to the Spanish airline, after years of adjustment and restructuring.

The IAG airlines consortium, which brings together British Airways and Iberia announced on Thursday a firm order for eight Airbus A350 and three A330 to the Spanish airline, after years of adjustments and restructuring .

“The planes will be delivered between 2016 and 2021, and will enable Iberia to replace and increase its long-haul fleet,” said IAG in a statement.

The price of the A350 -900 is 285 million dollars apiece, according to the statement, and the A330-200 is 185 million, so the total cost of purchases to be about 2.835 million dollars.

In addition, IAG announced the execution of purchase options for 20 Airbus 320neo for all airlines -Iberia, another Spanish Vueling, British Airways and Aer Lingus Irish soon.

“The aircraft will be delivered between 2020 and 2021 and may be used by any airline of the Consortium for substitutions in the fleet. “

In recent reported results, the second quarter of 2015, IAG recorded a 28% increase in net profit, up to 358 million euros (393 million dollars) and an increase of 40% of overall operating income (up to 530 million euros, 581 dollars).

In 2014, Iberia received a benefit operations of 50 million euros, compared with a loss of 166 million by 2013.

ERP

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