IAG Looks Beyond Market Volatility with Massive Widebody Orders
IAG has its eyes on the long-game with more than 70 new widebody planes on the way. With deliveries not starting until 2028, there’s plenty of time for the current turbulence to pass, or perhaps intensify.
The parent company of British Airways and Iberia has ordered more than 70 new widebody aircraft. The total deal, announced by IAG on Friday morning, forms one of the largest plane orders of the year so far.
European manufacturer Airbus and its U.S. rival Boeing are splitting the spoils across two separate transactions. IAG has agreed to buy 32 Boeing 787-10 Dreamliner jets, powered by General Electric engines. The
skift.
