LONDON, July 14 British Airways owner IAG
placed a firm order for 20 Airbus 320neo aircraft on
Monday, a deal worth well over $1 billion at list prices, and
which coincided with the first day of the Farnborough Airshow.
European planemaker Airbus kicked off the
Farnborough show earlier in the day with confirmation it would
launch a revamped or "neo" version of the larger A330 wide-body
jet, attempting to replicate the success it has had with the new
version of its A320.
IAG, which also owns Spain's Iberia and Vueling carriers,
said the 20 A320neos it was ordering were part of the 100
options it secured over the aircraft a year ago. The new jets
would be delivered in 2018 and 2019, it added.
"These aircraft are currently intended to replace 21
shorthaul British Airways' aircraft but will be reallocated if
the airline cannot make a profitable return from its shorthaul
business," the company said in a statement.
(Reporting by Sarah Young; Editing by Mark Potter)