The latest order from ACG for 30 A320neo-family jets, signed at the Dubai Airshow 2011, brings the lessor’s total A320-family order book to 98...

U.S.-based lessor Aviation Capital Group (ACG) has ordered A320neo-family aircraft.

This latest order from ACG for 30 A320neo-family jets, signed at the Dubai Airshow 2011, brings the lessor’s total A320-family order book to 98 aircraft.

ACG will make its engine selection for its A320neo fleet at a later date, according to Airbus. The graphic image which Airbus has published of an A320neo in ACG house colors shows the aircraft with CFM LEAP-1A engines.

At the Dubai Airshow on November 15, 2011, U.S.-based lessor Aviation Capital Group signed an order for 30 Airbus A320neo-family aircraft. While ACG didn't announce an engine selection, the computer graphic image released by Airbus to publicize the order shows an A320neo with CFM LEAP-1A engines .

“Faced with increasing fuel prices and tough competition, we are seeing a stronger-than-ever demand from our customers for modern fuel-efficient aircraft such as the A320neo,” says Stephen Hannahs, CEO and group managing director of Aviation Capital Group. “With the neo, we are able to offer our customers a tool which cuts fuel burn by 15 per cent. There’s no doubt that this aircraft will be snapped up by operators worldwide.”

“We may have taken more time that other leasing companies to make the neo selection, but we wanted to test customer reaction, financial community acceptance and the fit within the ACG long term fleet plan – it passed with flying colors on all counts,” remarks John Feren, EVP global marketing for Aviation Capital Group.

“It’s great to see ACG becoming the latest leasing company to order our new, fuel efficient A320neo,” says John Leahy, Airbus’ chief operating officer customers. “This is a clear signal from the market that the A320neo is a great long-term investment and will be the backbone of lessors’ portfolios for the years to come.”

More than 8,200 A320-family aircraft have already been ordered and more than 4,800 delivered to more than 340 customers and operators worldwide.

According to the manufacturer, the Airbus A320neo has over 95 per cent airframe commonality with the current A320, making it an easy fit into existing fleets while offering up to 500 nautical miles (950 kilometres) more range or two tonnes more payload at a given range.

The A320neo is a new engine option for the Airbus A320 family. The neo is planned to enter service in 2015 and incorporates new Pratt & Whitney PurePower PW1100G geared-turbofan or CFM LEAP-1A engines and large “Sharklet” wing tip devices, which Airbus says together will deliver 15 per cent in fuel savings compared with existing A320-family jets.

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