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British Airways announces Airbus order worth $12 bn


British Airways on Monday announced a deal to buy up to 36 long-haul Airbus A350 passenger planes worth almost $12.0 billion at list prices.

BA said parent group IAG, which owns also Spanish carrier Iberia, had signed a Memorandum of Understanding to buy 18 Airbus A350-1000 aircraft with an option to purchase 18 more.

Each plane has a catalogue price of $332.1 million, according to Airbus' website, though airlines tend to receive significant discounts on bulk orders.

"After a thorough selection process, International Airline Group (IAG), and British Airways have signed a Memorandum of Understanding (MoU) to buy 18 Airbus A350-1000 aircraft plus 18 options, as part of the airline's on-going long-haul aircraft fleet renewal and modernisation strategy," a statement said.
