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British Airways' parent IAG has ordered 32 Boeing Dreamliners and 21 Airbus jets following a new US-UK trade deal that eliminates tariffs on aircraft parts.

British Airways is ordering 32 new long-haul aircraft from Boeing in a deal worth nearly $13 billion, the airline's parent company, International Airlines Group confirmed Friday.

British Airways owner International Consolidated Airlines said it ordered the planes to bolster its long-haul fleet after earnings rose.

The new orders follow orders already placed in March for six Airbus A350-900s for Iberia, as well as six Airbus A350-1000s and six Boeing 777-9s for British Airways.