In a landmark move solidifying transatlantic trade relations, the United Kingdom is set to purchase $10 billion worth of Boeing aircraft, U.S. Commerce Secretary Howard Lutnick announced Thursday. The deal, unveiled during the announcement of a new bilateral trade agreement between the UK and the United States, underscores the deepening economic ties between the two nations.
While specific details remain under wraps, Lutnick indicated that the transaction is a private-sector purchase, allowing the involved airline to disclose particulars at their discretion. The White House referred to the agreement as involving “aircraft parts” purchases, without elaborating on the exact nature of the aircraft involved.
British Airways’ Parent Company Poised for Major Boeing Order
Industry insiders suggest that International Airlines Group (IAG), the parent company of British Airways, is preparing to order approximately 30 Boeing 787 Dreamliner aircraft. This potential order would significantly contribute to Boeing’s existing backlog of 149 aircraft slated for UK purchasers, valued at over $12 billion.
The acquisition aligns with IAG’s strategy to modernize its fleet and expand its long-haul capabilities. British Airways, a prominent operator of Boeing widebody jets, has been in discussions to acquire more aircraft, including the Boeing 787 and Airbus A350 models.
