Air Lease Corp orders 50 Airbus A320neos

20th June 2011, Comments 0 comments

Air Lease Corporation, one of the top aircraft leasing firms in the world, said Monday it has signed a memorandum of understanding for 50 Airbus A320neos, one A321 and 11 long-haul A330 planes.

In a joint statement, ALC said the 50 A320neo orders included 14 options for the upgraded version of the A320 Airbus medium-haul workhorse which is due to come into service in 2015.

"This new order enables ALC to continue to offer its customers the most fuel efficient aircraft in the short and medium to long haul segments," ALC head Steven Udvar-Hazy said as US giant Boeing and fierce rival Airbus vied for honours at the Paris International Airshow.

"The A320neo Family represents the industry's new single-aisle benchmark and we look forward to seeing our customers benefitting from the cost savings it promises to deliver," he added.

John Leahy, Airbus chief operating officer, said the order was "a testimony to the integrated, eco-efficient aircraft family we offer across all market segments."

The A320neo has put Boeing in a quandry over its 737 series, the best selling aircraft in the world, facing the option to upgrade it again like Airbus or opt for a new aircraft, a costlier and higher risk option.

Boeing says it expects to make a decision on the 737 later this year but in either case claims it will still offer the better product.

Earlier Monday, ALC announced an order for 14 Boeing 737-800s worth $1.1 billion, and exercised options on six of the same aircraft while taking further options on another 13 in the 737 series.

The value of the Airbus contract was not given but the statement said ALC has previously ordered 51 planes in the A320 series.

Udvar-Hazy was formerly head of giant US leasing company, before setting up ALC.

© 2011 AFP

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