IAG Group signs an order commitment for 42 Boeing 777-9

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London - International Airlines Group has signed an order commitment for 18 Boeing 777-9 with 24 options of the same type. The new 777-9s are intended to replace the aging Boeing 747s in the fleet of Group's flag carrier British Airways.

The deal was announced today (February 28) by International Airlines Group (IAG). The order is valued at $18.6 billion at list price including options. It will be listed in Boeing's backlog once finalized.

According to IAG CEO Willie Walsh, the new 777-9 is the world's most fuel-efficient long-haul aircraft and the ideal replacement for the Boeing 747 in terms of its size and flight range. The plane will provide 30% additional savings in fuel cost per seat over the Boeing 747 besides its environmental benefits. It will also offer its passengers an improved flight experience, added IAG CEO.

777X-Flight-Test-EngineBoeing 777X Ground Testing

The Boeing 777X has so far received 358 firm orders and order commitments from customers, including the launch company Lufthansa, Emirates Airlines, Qatar Airways, Etihad Airways, Cathay Pacific, ANA (All Nippon Airways), Singapore Airlines and an anonymous buyer.

The production of the 777-9 began in 2017, with an expected rollout next month, a first scheduled flight this year and a first scheduled delivery in 2020.