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LONDON (Alliance News) - International Consolidated Airlines Group SA, the parent of Aer Lingus, British Airways, Iberia and Vueling, on Monday said it is converting 15 Airbus 320neo options, announced in August 2013, into firm orders.
The aircraft will be delivered in 2021 and 2022 and can be used by any airline in the group for fleet replacement.
"These modern, fuel-efficient aircraft will bring both cost efficiencies and environmental benefits to the airlines' fleets," the airline operator said.
The A320neo list price, as of January 2012, was about USD92.0 million per aircraft, IAG said, but added it has negotiated a substantial discount from the list price.
IAG said it has several financing options for the purchases and will choose the "most appropriate source" closer to the delivery time, adding that it is targeting a sustainable 15% return on invested capital on its assets.
Shares in IAG were up 0.7% at 592.50 pence on Monday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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