ALAFCO, the Kuwait-based international Aviation Lease and Finance Company, has signed an agreement for 30 Airbus A320neo aircraft. The Memorandum of Understanding (MoU) was signed at the 49th Paris airshow in Le Bourget. It follows the placing of an earlier firm order for six A350-900 aircraft.
ALAFCO already ordered 26 A320s of which 25 have been delivered. Including this order, it shall then take ALAFCOâ€™s total order for Airbus single aisle aircraft to 56.
â€œThe A320neo is proving to be a very popular aircraft due to its economics and low fuel burn,â€ said Abulqasim Abdulghaffar Redha, ALAFCO Executive Vice President. â€œWe anticipate strong demand from leasing customers and we look forward to helping them meet their requirements.â€
â€œWeâ€™re taking neo orders from all corners of the world, from both airlines and leasing companies because weâ€™ve hit a sweet spot in the market. An aircraft which offers a 15% reduction in fuel burn is proving to be irresistible,â€ said John Leahy, Chief Operating Officer Customers.
Airbus press release