OREANDA-NEWS. International Airlines Group (IAG) is converting 15 Airbus 320neo options, announced in August 2013, into firm orders.

The aircraft will be delivered in 2021 and 2022 and can be used by any airline in the Group for fleet replacement.

These modern, fuel efficient aircraft will bring both cost efficiencies and environmental benefits to the airlines' fleets.  

·      The A320neo list price, as at January 2012, is approximately US$92.0 million per aircraft.

·      This list price is the sum of the airframe list price, engine option list price and the price of certain assumed specification change notices against which price concessions are made. IAG has negotiated a substantial discount from the list price.

·      IAG has a range of financing options and will choose the most appropriate source closer to the delivery time.

·     As previously disclosed, IAG is targeting a sustainable 15 per cent return on invested capital (real terms) on its assets.

·      IAG is the parent company of Aer Lingus, British Airways, Iberia and Vueling.