Business Irish

Thursday 22 June 2017

Aer Lingus to expand fleet for American routes

The carrier’s parent company, IAG, is to fund the purchase of two Airbus A330-300 long-haul aircraft at a discounted price as passenger numbers are tipped to rise to 15 million by 2020
The carrier’s parent company, IAG, is to fund the purchase of two Airbus A330-300 long-haul aircraft at a discounted price as passenger numbers are tipped to rise to 15 million by 2020

Sean Duffy

Aer Lingus is set to grow its transatlantic fleet next year, according to a company statement.

Two new aircraft for lucrative North American routes will be provided by parent group IAG.

IAG will order two Airbus 330-300 long-haul aircraft at a discounted cost of the $414m (€372m) list price. The new planes will be delivered in 2017 and will be used to expand services to the US and Canada.

Aer Lingus' parent company has yet to reveal how it will fund the purchases, but did state that it has a number of funding options which it will be examining before the planes are delivered.

IAG bought Aer Lingus for €1.36bn last year in a deal which saw the Government sell its stake in the national carrier.

The global aircraft group also own British Airways, Vueling and Iberia. The company became Europe's second largest airline this year on the back of its purchase of Aer Lingus. A report from Goodbody Stockbrokers forecast that passenger numbers on Aer Lingus transatlantic routes would rise from 9.8 million to 15 million by 2020.

Irish Independent

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