AerCap boosts A320neo portfolio by 50 aircraft

Leading aircraft lessor AerCap holdings N.V. (“AerCap”) (NYSE: AER) has upped its A320neo portfolio after signing a firm agreement to buy 50 additional aircraft. This transaction brings AerCap's firm orders for the A320neo Family aircraft to a total of 270, owned and on order.

Aengus Kelly, CEO of AerCap said, "As the largest lessor of the A320neo Family aircraft, we have already placed three-quarters of our A320neo Family aircraft from our existing forward order book with Airbus. We have seen significant market appetite for these aircraft from our diverse customer base. This transaction is in line with our portfolio strategy of investing in the most in-demand modern technology aircraft in the world.”

“AerCap is one of the most highly regarded lessors and an additional 50 A320neo Family aircraft to an existing portfolio of 220 is a fabulous endorsement of the world’s favourite single aisle aircraft,” said John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft.

The A320neo Family incorporates the very latest technologies including new generation engines and Sharklets, which together deliver at least 15 percent fuel savings at delivery and 20 percent by 2020. With more than 5,400 orders received from 97 customers, the A320neo Family has captured nearly 60 percent share of the market.