British Airways announces Airbus order worth $12 bn
LONDON, United Kingdom (AFP) - British Airways on Monday announced a deal to buy up to 36 long-haul Airbus A350 passenger planes worth almost US$12 billion (S$14.9 billion) at list prices.
BA said parent group IAG, which owns also Spanish carrier Iberia, had signed a Memorandum of Understanding to buy 18 Airbus A350-1000 aircraft with an option to purchase 18 more.
Each plane has a catalogue price of US$332.1 million, according to European planemaker Airbus' website, though airlines tend to receive significant discounts on bulk orders.
"After a thorough selection process, International Airlines Group (IAG), and British Airways have signed a Memorandum of Understanding (MoU) to buy 18 Airbus A350-1000 aircraft plus 18 options, as part of the airline's on-going long-haul aircraft fleet renewal and modernisation strategy," a statement said.