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British Airways on Thursday announced a multi-billion dollar deal to buy up to 42 Boeing 777 fuel-efficient passenger jets, after Airbus said it would no longer make the A380 superjumbo.
BA-parent IAG said its British carrier would purchase 18 Boeing 777-9 planes, while an option for a further 24 of the US aircraft could bring the total cost to $18.6 billion (16.3 billion euros) at list prices, before the usual heavy discounts are factored in.
IAG - Airlines - Iberia - Aer - Lingus
It comes as IAG, which owns several airlines including Iberia and Aer Lingus, said that group net profits last year soared 45 percent to 2.9 billion euros on higher passenger numbers and lower costs.
On the big Boeing order, IAG chief executive Willie Walsh said in a joint statement:
World - Efficient - Longhaul - Aircraft - Benefits
"The new 777-9 is the world's most fuel efficient longhaul aircraft and will bring many benefits to British...
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