British Airways announces huge Boeing order

British Airways Thursday announced a multi-billion dollar deal to buy up to 42 Boeing 777 fuel-efficient passenger jets, after Airbus said it would no longer make the A380 superjumbo.

BA-parent IAG said its British carrier would purchase 18 Boeing 777-9 planes, while an option for a further 24 of the U.S. aircraft could bring the total cost to $18.6 billion at list prices, before the usual heavy discounts are factored in.

It comes as IAG, which owns several airlines including Iberia and Aer Lingus, said that group net profits last year soared 45 percent to 2.9 billion euros on higher passenger numbers and lower costs.

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Article source: http://www.dailystar.com.lb//Business/International/2019/Feb-28/477685-british-airways-announces-huge-boeing-order.ashx