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IAG shareholders approve orders for the Boeing 737 MAX and Airbus A320neo

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Owner of British Airways, Iberia, and Aer Lingus, IAG, announced that orders for 37 Airbus A320neo and 50 Boeing 737 MAX aircraft have received shareholder approval.

On May 19, 2022, 50 Boeing 737 MAX aircraft were officially ordered, three years after an original agreement was proposed.

The agreement for 25 Boeing 737-8200 planes and 25 Boeing 737-10 planes also contains options for an additional 100 planes.

Boeing announced that it would include the 50 737 MAX aircraft ordered by IAG in its November order statistics in response to the shareholder approval.

“We welcome today’s decision by IAG’s shareholders to approve a firm order for 50 737-8-200s and 737-10s, with options for 100 more, and we look forward to working with IAG on reintroducing the 737 into the Group’s fleets,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing, in a statement on October 27, 2022.

In July 2022, the initial order for 37 A320neo aircraft was made public. As a result of the confirmation, IAG, which also owns Vueling and Level, has now officially ordered 59 members of the Airbus family this year. In March and June 2022, the group had already made arrangements for 22 aircraft from the A320neo series.

“IAG operates Airbus aircraft extensively in its fleet making it one of the largest Airbus customers globally. These latest generation aircraft will be key in IAG’s stated environmental mission to operate the world’s most fuel-efficient planes”, said Christian Scherer, Chief Commercial Officer and Head of Airbus International, in a statement on October 27, 2022.

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