News: IAG and British Airways select the A350
After a radical selection process, International Airline Group (IAG), and British Airways have signed a Memorandum of Understanding (MoU) to purchase 18 Airbus A350-1000 aircraft plus 18 options, as component to the airline’s on-going long-haul aircraft fleet renewal and modernisation strategy. IAG, owner of both British Airways and Iberia, has also secured commercial terms and delivery slots which may result in firm orders for Iberia. Firm orders will only be made when Iberia is able to grow profitably, having restructured and reduced its cost base. The number of the A350-1000 follows British Airways’ decision in 2007 to purchase 12 Airbus A380s, the primary of so that it will be delivered this summer. Operating the A380 and A350 together delivers real value to the world’s leading airlines since it lets them...
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