AerCap firms up order for 50 A320neo Family aircraft

AerCap, the industry leading lessor headquartered in Amsterdam, the Netherlands, has firmed up an order for 50 additional A320neo Family aircraft at the Farnborough International Airshow 2014. The contract, AerCap’s first major aircraft order following the acquisition of ILFC earlier this year, was signed by Philip Scruggs, AerCap’s President & Chief Commercial Officer and Fabrice Brégier, Airbus President and CEO. AerCap will announce its engine selection in due course.

Including today’s order for 50 A320neo aircraft, AerCap’s total order of A320neo aircraft rises to 200 and its total orders of Airbus aircraft rises to 945. Following the lessor’s acquisition of ILFC, AerCap becomes Airbus’ largest customer overall, both in number and value of aircraft purchased.

AerCap’s CEO Aengus Kelly said: “The A320neo family is proving to be enormously successful. 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.”

Related Research on

Special Mission Aircraft Market Report 2018-2028

“We are honoured that AerCap has selected our popular A320neo for its first major aircraft investment since the acquisition of ILFC earlier this year,” said Fabrice Brégier, Airbus President & CEO. “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.”

Source: Airbus, an EADS N.V. company (Paris: EAD.PA)
Date: Jul 14, 2014