Iberia to order 11 Airbus Aircraft

Article Abstract:

Iberia Airlines of Spain will announce on Sep. 22, 1998, its plan to order 11 A340 Airbus jetliners from Airbus Industrie, according to a source close to the deal. The deal, which also includes jet engines, will cost Iberia 200 billion pesetas or $1.39 billion. However, Iberia is expected to receive a discount from Airbus, a European consortium of Spanish, French, German and British aviation companies. Iberia's deal with Airbus is reportedly part of its attempt to improve its existing DC-10 fleet of jets and raise its long-distance traffic by 50% in 1999.

Comment:

Will announce today its plan to order 11 long-haul jetliners from Airbus Industrie, according to a source close to the deal

Capital expenditures, New orders received, Aircraft Manufacturing, Scheduled Passenger Air Transportation, Scheduled Air Passenger Svc, Standard Jet, Airbus S.A.S., Jet airplanes, Article, Iberia Air Lines of Spain

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Spain plans to resume privatization program

Article Abstract:

The state industrial holding company of Spain has declared its intent to privatize state-owned companies. Revenue-losing ventures that are to be sold off include airline Iberia, electronics firm Indra and paper and pulpproducer Empresa Nacional de Cellulosas S.A.

Government regulation (cont), Organizational history, Scheduled Airlines, Scheduled Air Transportation, Other Electrical Equipment and Component Manufacturing, Paper & Allied Products, Paper Manufacturing, Electronic Components, Abstract, Paper industry, Iberia Lineas Aereas de Espana S.A., Indra (Spain), Empresa Nacional de Cellulosas S.A.

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