London, May 9 - Britain's International Airlines Group (IAG), the parent company of British Airways, is reportedly set to bolster its fleet with a significant order of approximately 60 widebody jets, split between Boeing and Airbus, according to industry sources. This move comes as part of a strategic effort to modernize and expand the group's long-haul capabilities, addressing growing demand for international travel and replacing aging aircraft. The deal, valued at around $10 billion for the Boeing portion alone, underscores IAG's commitment to maintaining a competitive edge in the global aviation market amidst ongoing supply chain challenges and geopolitical trade tensions.
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The Boeing order is expected to include around 30 787 Dreamliner aircraft, a fuel-efficient widebody jet that British Airways already operates. The 787's advanced technology, including its composite materials and enhanced passenger comfort features, aligns with IAG's focus on sustainability and customer experience. Sources indicate that the deal may also include options for additional Boeing jets, providing IAG with flexibility to scale its fleet in response to future market conditions. Boeing, which has faced production delays and a quality crisis in recent years, stands to benefit significantly from this order as it works to ramp up output of its 737 MAX and 787 models. The U.S. planemaker's ability to secure this deal reflects confidence in its recovery, despite challenges such as a recent workers' strike and trade disputes affecting deliveries to markets like China.
On the Airbus side, IAG is poised to order approximately 30 long-haul jets, likely a mix of A330neo and A350 models. The A350, known for its lightweight carbon-fiber construction and lower operating costs, is a mainstay in British Airways' fleet, while the A330neo offers a cost-effective option for medium- to long-haul routes. Airbus, which has been grappling with its own supply chain constraints, is reportedly in a strong position to fulfill this order, given its established relationship with IAG. The European manufacturer's dominance in certain markets, including China, has intensified competition with Boeing, but both companies are navigating a tight global market where demand for new aircraft outstrips supply.
This dual order from IAG reflects a pragmatic approach to fleet management, balancing the strengths of both manufacturers while mitigating risks associated with over-reliance on a single supplier. The aviation industry has been under pressure from post-pandemic supply bottlenecks, regulatory scrutiny, and escalating trade wars, including U.S. tariffs on European goods and retaliatory measures affecting both Boeing and Airbus jets. IAG's decision to invest in new aircraft signals optimism about the recovery of international air travel and its long-term growth prospects. While neither IAG nor the manufacturers have officially commented on the deal, the anticipated orders are expected to be finalized in the coming days, marking a significant milestone for the airline group and the aerospace industry.