Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


IAG orders 8 Airbus A330 300 aircraft for Iberia

LONDON, Mar 7, – International Airlines Group, formed from the merger of British Airways and Iberia, said Monday it had ordered eight Airbus A330-300 long-haul aircraft for Iberia.

"The new aircraft will be more cost effective to operate as they are around 15 percent more fuel efficient than the aircraft that they replace," IAG said in a statement, adding they have improved environmental performance.

The A330s, which will be delivered between late 2012 and early 2014, will replace up to 16 Airbus A340 family aircraft.

It also took options on another eight of the A330 planes.

"With the new aircraft and options, IAG will have the flexibility to determine the overall size of Iberia\’s long-haul fleet and capacity in future," IAG said.

Iberia\’s current long-haul fleet consists of 18 A340-300 and 17 A340-600 aircraft.

IAG said the aircraft can be easily assimilated into Iberia\’s existing long-haul fleet, reducing the need for additional crew training and maintenance costs.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...