IAG commits to buy 200 new 737 MAXes for US$24 billion
IAG, one of the world's largest airline groups has announced plans to build a future fleet with the grounded and crash-prone Boeing 737 MAX with the purchase of 200 of them for US$24 billion at list prices
IAG, one of the world's largest airline groups has announced plans to build a future fleet with the grounded and crash-prone Boeing 737 MAX with the purchase of 200 of them for US$24 billion at list prices.
'We're certain these aircraft will be a great addition to IAG's short-haul fleet. We have every confidence in Boeing and expect that the aircraft will make a successful return to service,' said IAG chief executive Willie Walsh.
International Airlines Group (IAG) and Boeing said the two companies have been in discussions regarding the opportunity and signed a letter of intent at the Paris Air Show.
IAG is the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL that fly more than 113 million passengers a year combined.
The group has been a long-time operator of Boeing twin-aisle aircrft. Earlier this year, IAG group committed to and finalised a major order for Boeing's newest long-haul model, the 777X, to complement its fleet of current-generation 777s and new 787 Dreamliners.
In the single-aisle segment, IAG and its affiliates used to operate Classic 737 aircraft. Today, its fleet is almost exclusively Airbus A320 family aircraft.
Said Boeing commercial airplanes chief Kevin McAllister: 'We are truly honoured and humbled by the leadership at International Airlines Group for placing their trust and confidence in the 737 MAX and, ultimately, in the people of Boeing.'