ILFC Orders 50 More A320neo Family Aircraft

ILFC, a wholly-owned subsidiary of American International Group, has signed a firm contract for the purchase of 50 additional A320neo Family aircraft.

ILFC was the first lessor to commit to the A320neo Family with a firm order placed in 2011 for 100 aircraft.

With this latest order, ILFC increases its total firm NEO order tally to 150, and including this latest contract, ILFC remains Airbus’ largest customer, having ordered a combined total of 769 single-aisle and widebody Airbus aircraft.

“The A320neo is firmly established as a long-term cornerstone of ILFC’s portfolio of modern, fuel efficient aircraft. The NEO allows ILFC to offer its customers a single-aisle aircraft family that delivers a significant reduction in fuel consumption and the widest, most comfortable cabin in its class,” ILFC Chief Executive Officer Henri Courpron said. “We have already seen significant market interest in the NEO and that is why we have come back for more. We must be ready to deliver the product that airlines want and that will enable them to take advantage of the significant growth air transport will see over the coming years.”

The A320neo is offered as an option for the A320 Family and incorporates new more efficient engines and large "Sharklet" wing tip devices, which Airbus say will together deliver up to 15% in fuel savings.