IAG Orders 53 Boeing and Airbus Aircraft Amid Global Trade Tensions

International Airlines Group (IAG) has ordered 53 new long-haul aircraft from Boeing and Airbus. The order includes 32 Boeing 787-10 planes for British Airways and 21 Airbus A330-900neo aircraft that may be allocated to other IAG airline brands. The high-value transactions are drawing attention amid global trade tensions.

International Airlines Group (IAG) has placed an order for 53 new long-haul aircraft, comprising 32 Boeing 787-10 planes for British Airways and 21 Airbus A330-900neo aircraft for other IAG airline brands. This significant order follows the recent US-UK trade agreement, which has eliminated tariffs on aeroplane parts and engines, including those from Rolls-Royce [1].

The trade deal, finalized on Thursday, has seen American import taxes on British goods like cars and steel either slashed or removed completely. This agreement has facilitated the high-value transactions, with IAG confirming the order of Boeing 787-10 aircraft for its BA fleet and Airbus A330-900neo aircraft for other IAG brands on Friday morning [1].

The order is seen as a "milestone" for IAG, according to Chief Executive Luis Gallego, who stated that it would "strengthen our core markets" over the next decade. The acquisition of these aircraft aligns with IAG's strategy to bolster its long-haul capabilities and maintain its competitive edge in the aviation industry [1].

The high-value transactions are drawing attention amid global trade tensions, with the US and UK agreeing to exclude plane engines and other aeroplane parts from trade tariffs. This move is expected to have a positive impact on the aerospace industry, promoting increased trade and investment between the two nations [1].

References:
[1] https://www.yorkshirepost.co.uk/business/us-uk-trade-deal-british-airways-owner-iag-buys-32-new-boeing-planes-from-us-5120876