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IAG International Consolidated Airlines Group S.a.

176.30
0.15 (0.09%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
International Consolidated Airlines Group S.a. LSE:IAG London Ordinary Share ES0177542018 ORD EUR0.10 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 0.09% 176.30 176.75 176.85 178.70 174.65 177.75 13,183,835 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 29.45B 2.66B 0.5401 3.98 10.57B

IAG to Buy 200 Boeing 737 MAX Jets

18/06/2019 4:06pm

Dow Jones News


International Consolidat... (LSE:IAG)
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   By Oliver Griffin 
 

International Consolidated Airlines Group S.A. (IAG.LN) on Tuesday said it has signed a letter of intent with Boeing Co. (BA) to buy 200 of its 737 MAX planes.

IAG said the mix of Boeing 737 MAX 8 and 737 MAX 10 planes would be delivered between 2023 and 2027. The aircraft are expected to be used across a number of the group's airlines, including Vueling and British Airways.

Boeing's 737 MAX jet was grounded earlier this year following two fatal crashes in Ethiopia and off the coast of Indonesia earlier this year and last year respectively.

Willie Walsh, IAG's chief executive, said: "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."

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

June 18, 2019 10:51 ET (14:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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