ILFC has signed a firm contract for the purchase of 100 A320neo Family aircraft. This follows the signing of a memorandum of understanding for the deal which was announced on March 8^th 2011. ILFC confirms its selection of Pratt & Whitney engines for powering at least 60 of the aircraft. The agreement between Airbus and ILFC provides for model flexibility which initially includes both A320neo and A321neo types.

The A320neo is offered as an option for the A320 Family and incorporates new more efficient engines and large “Sharklet” wing tip devices, which together will deliver up to 15 percent in fuel savings. This will represent some 3,600 tonnes less CO₂ per aircraft per year. In addition, the A320neo will provide a double-digit reduction in NOx emissions and reduced engine noise, thus being a good neighbour at any airport where airlines will operate the aircraft.

“The new A320neo aircraft will allow ILFC to offer a single-aisle aircraft that provides significant reduction in fuel consumption,” ILFC Chief Executive Officer Henri Courpron stated. “We have already seen significant market interest and are looking forward to seeing the aircraft enter service with our first customers from 2015.”

“We are fully commited to providing our customers with the latest in fuel saving technologies as soon as they become available,” said John Leahy, Airbus Chief Operating Officer, Customers. “ILFC is the first major lessor to order the A320neo and these early delivery positions will help secure its leading position in a very competitive single-aisle market.”

Airbus press release