10 AUGUST 2015

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Article from BTNews 10 AUGUST 2015

Iberia aircraft orders

Airbus is likely to be the beneficiary as Iberia plans to take on new aircraft and open up new routes.

Subject to final contractual negotiations, owner IAG plans to convert in firm orders up to five A330-200 and eight A350-900 options held by the Spanish airline.

New destinations under consideration are Asuncion, Brasilia, Doha, Guadalajara, Johannesburg, Managua, San Juan de Puerto Rico, Tokyo and Toronto.  The new destinations will be announced before the end of the year, following negotiations and profitability studies.
 
This expansion is made possible by the successful implementation of Iberia’s Plan de Futuro and consequential improvements in costs and earnings performance, which is meeting the company’s objectives, as the latest report by parent IAG attests.

Last year Iberia posted its first operating profit in six years, thanks to the cost-cutting measures and new revenue streams, along with major improvements in customer service.  www.iberia.com

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