IAG Expands Fleet with New Airbus and Boeing Orders Amid Global Tension

IAG, the parent company of British Airways, has taken a bold step by placing orders for 53 new long-haul aircraft from giants Airbus and Boeing. This comes in addition to an earlier order for 18 jets made in March, marking a decisive move to expand and modernize its fleet.

The latest order includes 32 Boeing 787-10s for British Airways and 21 Airbus A330-900neos, which may also be allocated to IAG's other airlines, including Aer Lingus, Iberia, and LEVEL. The purchases were made following a better-than-expected first-quarter profit report from the company.

This aggressive acquisition strategy adds to the existing backlog of Boeing planes destined for UK buyers. While list prices for these planes total in the billions, substantial discounts are traditionally negotiated. Amidst global trade tensions, this move by one of the industry's key players signals confident growth and resilience.

(With inputs from agencies.)