British Airways, Iberia plan 787 orders

British Airways parent IAG said it will buy 18 additional Boeing Co. 787s and possibly more Dreamliners for its Iberia arm once restructuring measures for the Spanish unit take hold.

British Airways is exercising existing options for 787s to be delivered from 2017 through 2021 and phase out Boeing 747-400s, IAG said in a statement Wednesday. They will be powered by Rolls-Royce Holdings Trent 1000 engines, IAG said.

British Airways had previously ordered 24 787s and is due to start taking deliveries this year once Boeing begins handing over aircraft again after Dreamliner operations were halted on Jan. 16. Boeing is working with regulators to certify an upgrade to the 787 electrical system after fire incidents caused U.S. Federal Aviation Administration to ground the fleet.

“The aircraft offers a step change in fuel burn efficiency versus our existing aircraft with improvements in fuel cost per seat of more than 20 percent,” Willie Walsh, chief executive officer of International Consolidated Airlines Group SA, as London-based IAG is known, said in the statement.

IAG said it has also secured an unspecified number of additional delivery slots for future Iberia needs, saying the creating of the parent company has resulted in greater buying power for both airlines. Iberia currently operates Airbus SAS wide-bodies for its intercontinental flights.

“We are delighted that our valued customer IAG plans to increase the number of 787s in the British Airways fleet, which is testament to the 787s unrivaled fuel efficiency and passenger comfort,” Boeing said in an emailed statement, adding the deal still needs to be finalized.

More in Herald Business Journal

Health-care consumers need to take the lead, so get smart

David Russian, CEO of Western Washington Medical Group, writes our third essay about fixing health care.

More business, more competition for Everett kidney dialysis center

Nonprofit Puget Sound Kidney Centers sees large for-profit competitors enter state market.

Boeing makes investments in future of autonomous flight

“We believe these are … technology enablers that could change the future of aviation.”

Behavioral economics still requires some development

It promises a better understanding of human decision making and a better economic model.

Molina Medical holds fall carnival for families in Everett

Molina Medical is hosting a free event for families in the Everett… Continue reading

Leadership Snohomish County celebrates 20 years of service

Leadership Snohomish County is celebrating its 20th anniversary. The organization was launched… Continue reading

Snohomish, Monroe manufacturers honored for innovation, excellence

Two Snohomish County companies have been honored with Manufacturing Excellence awards at… Continue reading

Remodeled home tours planned this weekend

This weekend, Edmonds-based Chermak Construction will participate in the 2017 Remodeled Homes… Continue reading

Barron Heating to celebrate anniversary at Marysville showroom

Barron Heating and Air Conditioning is celebrating its 45th anniversary from 10… Continue reading

Most Read