IAG signs letter of intent for 200 B737-8 &B737-10

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[{"type":"text","content":"\n \nRNS Number : 6585C International Cons Airlines Group 18 June 2019  \n\nIAG SIGNS LETTER OF INTENT FOR 200 BOEING 737-8 AND 737-10\n \nInternational Airlines Group (IAG) has signed a letter of intent with Boeing for 200 B737 aircraft to join its fleet. The LOI is subject to formal agreement. \n \nThe mix of 737-8 and 737-10 aircraft would be delivered between 2023 and 2027 and would be powered by CFM Leap engines. It is anticipated that the aircraft would be used by a number of the Group's airlines including Vueling, LEVEL plus British Airways at London Gatwick airport.\n \nWillie Walsh, IAG chief executive, said: \"We're very pleased to sign this letter of intent with Boeing and are certain that these aircraft will be a great addition to IAG's shorthaul fleet. \n \n\"We have every confidence in Boeing and expect that the aircraft will make a successful return to service in the coming months having received approval from the regulators\".\n \nEnrique Dupuy de Lôme \nChief Financial Officer\n \n18 June 2019 \n \n \nNOTE TO EDITORS:\n \n·      The list price is approximately US$117 million for the Boeing 737-8 and US$131 million for the 737-10. \n·      The list price is the sum of the airframe list price, engine option list price and the price of optional features against which price concessions are made. IAG has negotiated a substantial discount from the list price.\n \n  \n \nLEI: 959800TZHQRUSH1ESL13\nThis announcement contains inside information and is disclosed in accordance with the company's obligations under the Market Abuse Regulation (EU) No 596/2014\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.  END  MSCFPMITMBBBBIL\n ","length":3550,"tagName":"div"}]

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