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London, UK - International Airlines Group rearranges aircraft deliveries for its airlines.  The company is planning to take delivery of only 75 aircraft over the next three years as it expects that demand for air travel will not return to pre-crisis levels before 2023.

The previous plan was to receive 142 planes in the same period. The fleet plan includes all IAG subsidiaries - Aer Lingus, Vueling, British Airways, and Iberia.

38 aircraft will join the IAG fleets this year, six fewer than initially planned.

IAG will take delivery of nine widebody aircraft and six narrowbody aircraft in 2021, which means a deferral of 27 aircraft.

The Group also expects to defer a further 27 narrowbody aircraft and eight widebody aircraft deliveries in 2022.  IAG will take delivery of 13 narrowbody and nine widebody aircraft in 2022.

”I think when we look at our fleet plan, we have seen a very significant shift in what the plan was when we announced it in November last year to what it will be for 2021 and 2022, and you do need to factor in the flexibility we have with the existing fleet and leased aircraft,”

said IAG chief executive Willie Walsh, speaking during a first-quarter results briefing on May 7.

“Given that a number of aircraft are already financed from a cash point of view it makes sense for us to take the aircraft because we will have paid pre-delivery payments, so when we take the aircraft and then put the financing in place, there is actually a cash-benefit to us,”

he added.

Walsh said both Boeing and Airbus have been very positive with their engagement with the company.
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