05 August 2015

Plans to convert in firm orders up to 8 A350-900 options for Iberia

Subject to final contractual negotiations, IAG plans to convert in firm orders up to 8 A350-900 options for Iberia to expand and renew their long haul fleet.

Iberia is making plans to open new routes to Asia, Africa and the Americas in the next 2 years.

The new destinations will be announced before the end of the year, following negotiations and profitability studies.

This expansion is made possible by the successful implementation of Iberia’s Plan de Futuro and consequential improvements in costs and earnings performance, which is meeting the company’s objectives, as the latest report by parent IAG attests.

Destinations now under study includeTokyo, Doha, Johannesburg, Toronto, Guadalajara, Managua, San Juan de Puerto Rico, Brasilia, and AsunciĆ³n.

The company hopes to open the new long-haul routes in 2016 and 2017.

Early this year IAG ordered 16 new long-haul aircraft for Iberia, 8 A350-900s, for delivery in 2018-2020 along with 8 A330-200s to be delivered this year and next.

Last year Iberia posted its first operating profit in six years, thanks to the cost-cutting measures and new revenue streams, along with major improvements in customer service.

Based on the press release “Iberia making plans to open new routes to Asia, Africa and the Americas”

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