Airbus and Aviation Lease and Finance Co. (ALAFCO) finalized a purchase order for 35 A320neo family aircraft, the companies announced Tuesday at the Singapore Airshow.
This extends the list of firm neo orders to 1,324 units and confirms that the “Airbus A320neo is the fastest selling program at the moment,” Airbus COO-Customers John Leahy said.
The new ALAFCO contract covers the firming of 30 options announced at the Dubai Airshow in November and the purchase of a further five of the type. The Kuwait-based lessor committed initially to 30 A320neos at the Paris Air Show in June and signed an order with Airbus for 50 of them, plus options for 30 more, at the Dubai Airshow.
“After a full analysis, we concluded that the A320neo will continue to be in strong demand; therefore, we are seizing the opportunity to secure an additional 35 aircraft to meet the future requirements of our customers,” ALAFCO chairman and CEO Ahmad Al Zabin said. “The significant fuel burn savings it offers, combined with the operational reliability and cost effectiveness of the A320 family, make it an absolute ‘must have’ in our portfolio.”
He told ATW that deliveries of the 85 neos on order would commence in 2017 and would be spread over four years. Choice of engines will be announced at a later date. He also said ALAFCO is working on placing the aircraft through its own sales efforts and with Airbus.
Article Source : ATW Daily News
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