Wed, Feb 15, 2012
Lessor Strengthens Portfolio With World’s Fastest Selling
Aircraft
Kuwait-based aircraft leasing company ALAFCO Aviation Lease And
Finance Company has finalized a purchase order for 35 A320neo
Family aircraft, bringing its total backlog for the type to 85. The
firm contract is an increase of the previous agreement signed at
the 2011 Dubai Airshow for 50 A320neo aircraft.
“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. The A320neo is the
market’s favourite single-aisle aircraft family,” said
Ahmad A. Alzabin, ALAFCO Chairman & CEO. “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.”
“Higher fuel prices means airlines require fuel efficient
aircraft and with the A320neo offering a 15 per cent fuel burn
reduction, it is the ideal investment. The A320neo reduces
operating costs whilst enabling airlines to offer the best cabin
comfort levels,” said John Leahy, Airbus Chief Operating
Officer Customers. “This significant order from ALFACO
confirms that the neo ticks all the right boxes and is clearly the
best product on the market.”
Over 8,300 A320 Family aircraft have already been ordered and
some 5,000 delivered to more than 350 customers and operators
worldwide reaffirming its position as the world’s
best-selling single-aisle aircraft family. The A320neo has over 95
percent airframe commonality 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 A320 Family entering
into service in 2015 which incorporates latest generation engines
and large "Sharklet" wing tip devices. Airbus estimates that
together, the modifications will deliver 15 percent in fuel
savings.
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