Hunton Aviation Team Closes 53 Aircraft Deal with International Consolidated Airlines Group SA

Hunton Andrews Kurth LLP’s London finance team has assisted Jeremy Moreton, group head of legal - commercial at IAG, and the IAG team in the negotiation and documentation relating to the order of 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft, which can be deployed within Aer Lingus, Iberia or LEVEL.

Subject to shareholder approval at the IAG's Annual General Meeting in June, these new aircraft will enable IAG's airlines to grow and replace their long-haul fleets with modern, fuel-efficient planes. The aircraft will be delivered between 2028 and 2033.

In addition, the order with Boeing grants British Airways the right to elect to purchase up to 10 additional Boeing 787 aircraft and the order with Airbus grants IAG the right to elect to purchase up to 13 additional Airbus A330-900neo aircraft.

The Hunton team, led by partner Richard Skipper and supported by partner Alan Cunningham and associates Chris Nash, John Hogg, and Oliver Steele, is continuing to work on the finalization of documentation for the Annual General Meeting.