Amsterdam-headquartered leasing company AerCap has firmed an order for 50 additional Airbus A320neo-family aircraft.
Airbus and AerCap, which became the world largest aircraft lessor with its acquisition of International Lease Finance Corporation (ILFC), announced the order on the first day of the Farnborough International Airshow 2014.
The contract, AerCap’s first major aircraft order following its acquisition of ILFC earlier this year, was signed by Philip Scruggs, AerCap’s president and chief commercial officer; and Fabrice Brégier, Airbus president and CEO.
AerCap will announce its engine selection for the 50 Airbus A320neo-family jets in due course, according to Airbus.
Its July 14 order for 50 brings AerCap’s total order for the Airbus A320neo family to 200 aircraft and its total orders of Airbus aircraft to 945.
Following the lessor’s acquisition of ILFC, AerCap becomes Airbus’ largest customer overall, both in the number and value of aircraft purchased.
“The A320neo family is proving to be enormously successful,” says Aengus Kelly, AerCap’s CEO. “AerCap has already placed 48 A320neo aircraft under lease agreement or letter of intent, so our decision to firm up for 50 additional A320neo Family aircraft is a natural extension of our fleet strategy.”
“We are honoured that AerCap has selected our popular A320neo for its first major aircraft investment since the acquisition of ILFC earlier this year,” says Brégier. “It’s always great news when our valued customers come back for more of our aircraft and is clear confirmation that our products are satisfying operators’ needs thanks to the A320neo’s best-in-class cabin comfort, unbeatable economics and excellent operational reliability.