Boeing, Qatar Airways and Trump
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IAG, the airline’s parent company, announced the order a day after Britain and the United States confirmed the framework for a trade agreement to lower tariffs.
British Airways is ordering 32 new long-haul aircraft from Boeing in a deal worth nearly $13 billion, the airline's parent company, International Airlines Group confirmed Friday.
British Airways owner International Consolidated Airlines said it ordered the planes to bolster its long-haul fleet after earnings rose.
Boeing has seen a reversal of fortune since President Trump took office, with the trade war and ensuing negotiations turning into a boon for the company.
British Airways owner IAG places nearly $21bn in aircraft orders from Boeing and Airbus after UK-US tariff breakthrough on aviation trade.
The deal with the UK was Trump’s first since April 2, when the US president announced his “liberation day” tariffs on countries around the world. For British Airways, the expansion of its long-haul fleet at a time of economic turmoil amounts to a vote of confidence in the enduring health of business demand and UK-US travel.
British Airways parent IAG is poised to order about 30 Boeing 787 Dreamliner aircraft, Bloomberg News reported on Thursday, citing people familiar with the matter.
China has removed a monthlong ban on airlines taking delivery of Boeing planes, according to people familiar with the matter.