Iberia is buying eight Airbus A330-300s with options for eight more as replacements for 16 higher-fuel-burn A340s in a move that signals increasing fuel prices could again spur fleet modernization. Deliveries of the new order are to start in the second half of 2012 and run into the first half of 2014. Iberia parent International Airlines Group says, “The new aircraft will be more cost-effective to operate as they are around 15% more fuel-efficient than the aircraft that they ...
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