Boeing looks set to beat Airbus in brand new plane deal with IAG

Willie Walsh, CEO of the International Airlines Group

Simon Dawson | Bloomberg | Getty Images

Willie Walsh, CEO of the International Airlines Group

British Airways’ parent company IAG has offered a big hint which Boeing can be in pole position to win a brand new order for wide-body aircraft.

The share cost of IAG has risen more than 4 percent in European trade Friday after the company reported 280 million euros ($335 million) of operating profit for the first quarter, easily beating forecasts.

Speaking in a call following the results, CEO Willie Walsh told analysts which capital expenditure on planes in 2018 was likely to remain at around 2.8 billion euros.

Walsh added which he was in talks with both Boeing as well as Airbus on brand new wide-body aircraft, however hinted heavily which a fresh deal with the U.S. firm was close.

“We have had very constructive dialogue with Boeing on wide-body aircraft. We will be meeting them inside next few days,” he said.

The airline chief said which he was also having “very Great dialogue” with U.S. firm General Electric over brand new engines for both narrow as well as wide-body planes.

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