Iberia firms up A350-900 order; settles hedges

International Airlines Group (IAG) – holding company of British Airways, Iberia and Vueling – has converted eight A350-900 options into firm orders for Iberia. The airline becomes a new customer for the A350XWB Family, equipped with Rolls Royce Trent XWB engines. IAG secured commercial terms for the A350 aircraft as part of the Group long-haul order announced in April 2013. Meanwhile, the IAG Board has approved the settlement by Iberia of the derivative transaction over its entire stake in Amadeus IT Holding (Amadeus) that it entered into in August 2012 with Nomura. The derivative transaction comprised a collar arrangement around