IAG's Strategic Fleet Expansion Bolsters Transatlantic Ties
British Airways owner IAG announced plans to buy 71 long-haul aircraft from Airbus and Boeing, following a UK-US trade deal. The order includes 32 Boeing 787-10s, 21 Airbus A330-900neos, and options for more. This expansion comes amid industry challenges and marks significant investment in transatlantic aviation.
In a major move for transatlantic aviation, British Airways' parent company, IAG, disclosed plans for a comprehensive fleet expansion. Announced on Friday, the acquisition involves 71 aircraft from aerospace giants Airbus and Boeing, following a trade agreement between the United Kingdom and the United States.
The proposed fleet upgrade will include 32 Boeing 787-10 aircraft and 21 Airbus A330-900neo planes, enhancing IAG's operational capabilities. This strategic order signifies a robust commitment to long-haul services across the Atlantic, reflecting newfound commercial enthusiasm post-trade deal.
CEO Luis Gallego emphasized the deal had been in the works for some time, aligning with IAG's profit growth forecast. While specific discounts remain undisclosed, the strategic choice of aircraft, powered by Rolls-Royce and General Electric, reflects a calculated investment in cutting-edge aerospace technology.
(With inputs from agencies.)
ALSO READ
Trump's Trade Deal Deadline Boosts Euro and Dollar Against Yen and Swiss Franc
EU and US Race Against Time for Trade Deal Amid Tariff Threats
Revamping Transport: Himachal's Green Fleet Expansion
Confindustria Urges EU to Fast-Track Global Trade Deals Amid US Tariff Pressure
Upcoming Trade Deals: Insights from Kevin Hassett
Google News