British Airways yesterday announced a deal to buy up to
36 long-haul Airbus A350 passenger planes worth almost $12.0 billion at list
prices.
BA said parent group IAG, which owns also Spanish carrier
Iberia, had signed a Memorandum of Understanding (MoU) to buy 18 Airbus
A350-1000 aircraft with an option to purchase 18 more.
Each plane has a catalogue price of $332.1 million,
according to Airbus’ website, though airlines tend to receive significant
discounts on bulk orders.
“After a thorough selection process, International
Airline Group (IAG), and British Airways have signed a MoU to buy 18 Airbus
A350-1000 aircraft plus 18 options, as part of the airlines’ on-going long-haul
aircraft fleet renewal and modernisation strategy,” a statement said.
“IAG, owner of both British Airways and Iberia, has also
secured commercial terms and delivery slots that could lead to firm orders for
Iberia. Firm orders will only be made when Iberia is in a position to grow
profitably, having restructured and reduced its cost base,” it added.
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