International Airlines Group (IAG) has signed a letter of intent at the Paris Air Show for 200 Boeing 737 MAX aircraft. The order will include a mix of 737 MAX 8 and MAX 10s and is valued at $24 billion at current list prices.
IAG is the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL. The group has been a long time Boeing customer operating a variety of Boeing wide-body aircraft including the 777 and 787. This March, the group also ordered 18 Boeing 777X.
The group used to operate a large narrow-body fleet of Boeing 737s, which have now primarily been replaced with Airbus A320 family aircraft.
The announcement did not include the split of 737 MAX 8 and MAX 10 orders or the allocation of aircraft to the group airlines.
Willie Walsh, CEO, IAG
“We’re very pleased to sign this letter of intent with Boeing and are certain that these aircraft will be a great addition to IAG’s short-haul fleet, We have every confidence in Boeing and expect that the aircraft will make a successful return to service in the coming months having received approval from the regulators.”
The announcement will come as a big boost to the American airframer which had a lackluster opening day to the Paris Air Show and has been dogged by the grounding of the 737 MAX.