irbus has won more commitments for 56 more A320neo-family jets with a memorandum of understanding (MOU) for 50 A320neo-family aircraft from aircraft lessor and...

Airbus has won more commitments for 56 more A320neo-family jets with a memorandum of understanding (MOU) for 50 A320neo-family aircraft from aircraft lessor and finance company CIT Group Inc., and a firm order for six A321neos from Taiwan-based TransAsia Airways.

C. Jeffrey Knittel, president of Transportation Finance at CIT, signed the MOU at the 49th Le Bourget Air Show, together with John Leahy, Airbus’ chief operating officer customers. CIT Group’s commitment adds to large A320neo-family orders already signed by leasing companies International Lease Finance Corporation, GE Capital Aviation Services and Air Lease Corporation.


CIT Group’s order brings the total number of aircraft in the Airbus orderbook for CIT to 241 aircraft, comprising 195 A320-family aircraft (including the 50 A320neo aircraft), 39 A330s and seven A350 XWBs. Of these, 141 have been delivered so far.

Airbus and New York-based finance and leasing company CIT Group signed a memoranudm of understanding at the Paris Airshow on June 21, 2011 for 50 A320neo-family aircraft, for which CIT Group also ordered both Pratt & Whitney PurePower PW1100G engines and CFM International LEAP-X1A powerplants

“This order will enable CIT Aerospace to maintain one of the youngest and most technologically advanced fleets in the industry and will help us meet our customers’ demand for state-of-the-art, fuel efficient aircraft,” says Knittel.

The new engines types offered on the A320neo Family are CFM International’s LEAP-X and Pratt & Whitney’s PurePower PW1100G. At the Paris Airshow, CIT Group announced orders for both PW1100G and CFM International LEAP-X1A engines for its A320neo-family jets, ordering 60 PW1100Gs (and optioning 40) and 30 CFM LEAP-X1As, along with options for 20 more.

Airbus also announced TransAsia Airways’ order for six A321neos at the Paris Airshow on June 21. The airline has not yet announced its engine choice for the aircraft, but says it will do so in the near future.

Taiwan's TransAsia Airways signed a firm order for six Airbus A321neos at the Paris Airshow on June 21, 2011. Co-signing the order were Vincent Lin, chairman of TransASia Airways (left) and John Leahy, Airbus' chief operating officer, customers (right). Interestingly, although TransAsia Airways was not at the time an A330 customer, a large model of an A330-300 in TransAsia colors was also present on the desk at the signing ceremony

TransAsia Airways says its new A321neos will enable the airline to respond to strong growth on regional services, especially on direct routes between Taiwan and mainland China.

The carrier currently operates five A321s and two A320s on domestic and regional services. In addition to the order announced on June 21, the airline already has six Sharklet-fitted A321s on order for future delivery.

“With 18 years of successful operations with the A320 family we have benefited from the low operating costs and exceptional reliability offered by the Airbus single aisle product line,” saysVincent Lin, chairman of TransAsia Airways. “The A321neo will fit seamlessly into our existing fleet from an operational viewpoint, bringing new levels of fuel efficiency and having less impact on our environment.”

Together with a memorandum of understanding signed at the Paris Airshow on June 21 by JetBlue Airways for 40 A320neo-family jets and an MOU for 10 A320neos (along with 15 A320s) signed by Garuda Indonesia the same day, Airbus had won firm orders and MOU commitments for 594 A320neo-family jets by June 21, a little over six months after launching the program.