The parent company of British Airways and Spanish airline Iberia, International Airlines Group (IAG), has ordered 18 Airbus A350-1000 aircraft for use by British Airways.
IAG also signed a Memorandum of Understanding (MoU) giving it an option for 18 more A350-1000 aircraft in the future. The A350s, along with Boeing’s 787 aircraft already on order by IAG, will replace the two carriers’ fleet of Boeing 747-400 aircraft between 2017 and 2023.
Airbus A350 is an under development wide-body long-haul airliner designed for better fuel-efficiency. The aircraft’s features make it a direct competitor to the Boeing 787 Dreamliner. The first delivery of an A350 is expected in 2014 to Qatar Airways.