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Boeing Comments On Loss Of Iberia Sale (Jan. 31)

SEATTLE --- Iberia has been a longtime customer and partner, and Boeing has worked hard to provide them the airplane model that would most help them maintain profitability in their long-distance operations in the coming years.

Given that the major airlines of the world -- and their passengers -- clearly prefer the Boeing 777 over the A340, it is disappointing that Iberia chose what the world recognizes as a less capable airplane than the 777, which has outsold the A340 about two to one. The success of the 777 family has been demonstrated by its almost 70 percent market share since launch.

As Iberia already operates A340s in its fleet, the commitment to the A340-600 appears to be the easiest decision.

Boeing Statement In Response To Loss Of The Iberia 777 Campaign