Iberia reschedules new Airbus deliveries, to withdraw 14 A340s

MADRID (Reuters) - Iberia has delayed delivery of Airbus A350 and A320neo aircraft and plans to remove 14 older Airbus A340 jets from its fleet as the coronavirus crisis restricts air traffic.
The airline had planned to get rid of the 14 A340 jets over several years, but will do so by the end of the year, a company spokeswoman said on Thursday, confirming a report from the local newspaper Cinco Dias.
She declined to work out the new schedule for aircraft deliveries.
The Madrid-based airline, which is part of the International Consolidated Airlines Group, will adapt its fleet to demand through leasing contracts, the newspaper said, citing internal company information.
Luis Gallego, CEO of Iberia, said this week that he expects the fleet to remain smaller for the next five years.
(Reporting by Inti Landauro; editing by Jesús Aguado and Pravin Char)

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