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IAG Confirms $23 Billion Aircraft Order to Renew Long-Haul Fleet

The British Airways parent company will acquire 53 Boeing and Airbus jets, backed by strong Q1 results and a new US-UK trade deal eliminating tariffs on aviation parts.

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A British Airways Boeing 777 passes a British Airways Airbus as it takes off from Heathrow Airport, in London, Britain, November 28, 2023. REUTERS/Peter Nicholls/File Photo
The logo of Airbus is pictured outside the Airbus facility in Saint-Nazaire, France, November 7, 2023. REUTERS/Stephane Mahe/File Photo
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Overview

  • International Airlines Group (IAG) has placed a $23 billion order for 32 Boeing 787-10s and 21 Airbus A330-900neos, with deliveries planned from 2028 to 2033.
  • The order includes options for 10 additional Boeing 787s and 13 Airbus A330s, further expanding IAG’s long-haul capacity across its brands, including British Airways, Iberia, and Aer Lingus.
  • IAG reported Q1 2025 revenue growth of 9.6% to €7 billion, with a swing to €176 million in profit, enabling this significant investment in fleet renewal.
  • The recent US-UK trade agreement, removing tariffs on aircraft engines and parts, provided a favorable environment for IAG’s Boeing purchases.
  • The new aircraft will replace aging planes and support growth on transatlantic and long-haul routes, with Boeing jets powered by General Electric engines and Airbus jets using Rolls-Royce engines.