IAG and Vueling make big short-haul order

Up to 120 planes are for new Spanish subsidiary

International Airlines Group says it has secured firm orders and options for up to 220 short-haul aircraft in the Airbus A320 family. Up to 120 of these are for its new subsidiary Vueling.

The new planes will enable the Barcelona-based carrier to replace some of its existing A320 fleet and expand its business, IAG said in a statement.

The Vueling agreement comprises 62 firm orders – 30 A320ceo and 32 A320neo – plus 58 options. The firm orders will be delivered to Vueling between 2015 and 2020.

In addition, IAG has secured 100 A320neo options, which could be used for any of the airlines in the Group, namely British Airways, Iberia or Vueling.

“Vueling has managed to successfully expand its business profitably by targeting both growth markets and those areas where weak competitors are reducing capacity,” IAG’s chief executive, Willie Walsh, said.

“These new aircraft will enable Vueling to continue that expansion and replace some of its older fleet with modern, fuel efficient aircraft, leading to further unit cost reductions.”

He added: “The benefits that the merger brings to all our airlines are highlighted once again. In addition to the Vueling order, we have also been able to secure a further 100 A320neo options for all the airlines in the Group.”

Bloomberg

[photo courtesy Vueling]

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