International Consolidated Airlines Group. S.A.

Share Issue/Capital Change • Jun 30, 2022

National Storage Mechanism | Additional information

RNS Number : 7512Q

International Cons Airlines Group

30 June 2022

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

IAG converts 14 A320neo family options into firm orders 

International Airlines Group (IAG) is converting 14 A320neo family options, announced in August 2013, into firm orders for 11 A320neos and three A321neos.

This is in addition to the conversion of eight A320neo family options which IAG exercised in March 2022 for six A320neos and two A321neos. 

These aircraft will be delivered in 2024 and 2025 and will be used to replace A320ceo family aircraft in the Group's short-haul fleet.

These modern, more fuel-efficient aircraft will bring both cost efficiencies and environmental benefits to IAG airlines.

Nicholas Cadbury

Chief Financial Officer

30 June 2022

NOTE TO EDITORS:

§ The A320neo list price is approximately US$120 million and the A321neo list price is approximately US$140 million. IAG has negotiated a substantial discount from the list price.

§ IAG will make the engine selection for the aircraft closer to the delivery time.

§ The Group has a range of financing options and will choose the most appropriate source closer to the delivery time.

§ These aircraft orders are consistent with IAG's previously communicated capital expenditure plans.

LEI: 959800TZHQRUSH1ESL13

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBKKBKABKKBAN