IAG likely to place order for Airbus A350 jetliners for British Airways

[mhm]

IAG is likely to place an order for Airbus A350 long-range jet aircraft for its British Airways unit, according to sources familiar with the talks. The deal, if completed, would mean a significant win of EADS over rival Boeing, which has been trying to get IAG to purchase a proposed update of its 777 model, dubbed the 777X, in order to compete with the A350. The exact number of planes in IAG's Airbus A350 order, and its value, are still under negotiation, sources said. IAG's talks with Airbus focus on the A350-1000 model, the largest of three A350 versions which Airbus is developing and is due to be unveiled in 2017. The order could also include a smaller, longer-range version, the A350-900, sources said. The purchase of the largest A350 model is likely designed to replace the company's aging fleet of 747-400 aircraft, which were delivered from 1989 to 1999.

http://www.thefinancepages.co.uk/companies/iag-airbus-jets-order/04412/