Updating British Airways' aging fleet is a multi-billion euro "daunting task"
Skift Take
British Airways' reach is its real strength now, but as it gears up to go head-to-head with ascendant Middle Eastern and Asian rivals it's working with a fleet in need of love.
British Airways owner International Consolidated Airlines Group SA could spend 1.5 billion euros ($1.94 billion) a year through 2020 to trim the average age of its fleet to 8 years by 2016, from 11 now, according to HSBC analysts.
“Many investors expect IAG to seek a strategic investor or to undertake a rights issue to
