focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG")
IAG converts 10 A320neo family options into firm orders
International Airlines Group (IAG) is converting 10 A320neo family options, described in the circular published by the Company on 22 September 2022, into firm orders for 10 A320neos, with the option to convert certain aircraft into A321neos.
These aircraft will be delivered in 2028 and will be used by any of the Group's current airlines to replace A320ceo family aircraft.
Luis Gallego, IAG Chief Executive Officer, said: "These latest generation aircraft are more cost and fuel efficient than those they will replace and will help towards our commitment to achieve net zero carbon emissions by 2050."
Excuse that typing. I think results will be very good but the outlook will be very cautious .
Ill be bailing out if the price goes to 162 revisit sometime in the future . Unfirtunately I think we will be hanging around the 150s for the foreseeable