IAG announces intention to purchase 200 Boeing 737 Max aircraft for $24 billion

International Airlines Group has signed a letter of intent to purchase 200 of Boeing’s currently grounded 737 Max jets in a deal which could be worth more than $24 billion. IAG, the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL, has a current fleet consisting of almost exclusively Airbus A320 family aircraft. However, IAG CEO Willie Walsh has said the group would consider the 737 Max as part of diversifying its future fleet to spur competition. In a statement, Walsh said: “We’re very pleased to sign this letter of intent with Boeing and are certain that these aircraft