ILFC selects 100 A320neo Family aircraft

ILFC selects 100 A320neo Family aircraft

Strong endorsement for the industry’s benchmark eco-efficient single-aisle aircraft

8 March 2011 Press Release

The world’s premier aircraft leasing company, ILFC, has signed a Memorandum of Understanding for 100 A320neo Family aircraft, comprising 75 A320neo and 25 A321neo types. ILFC becomes the first customer for the A321neo, the largest member of the A320neo Family. In a separate agreement, Pratt & Whitney has been selected by ILFC to power at least 60 A320neo Family aircraft.

The A320neo incorporates new more efficient engines and large wing tip devices called, "Sharklets" which together deliver up to 15 percent in fuel savings. This represents some 3,600 tonnes less CO2  per aircraft, per year. In addition, the A320neo provides a double-digit reduction in NOx emissions and reduced engine noise.

In parallel with this order for the A320neo, ILFC will terminate its purchase agreement for ten A380s. “With 104 wide bodies on order and fewer than a dozen single aisles it makes perfect sense to rebalance our order book and position ILFC strategically on the fuel-efficient neo ,” said Henri Courpron, ILFC Chief Executive Officer.

“We are delighted to welcome ILFC as the first lessor to order the A320neo,” said John Leahy, Airbus Chief Operating Officer, Customers. “As an evolution of the highly successful A320,  offering the latest in fuel saving technologies, the A320neo is a natural choice for ILFC. Indeed the A320 Family will continue to be a great asset for both lessors and airlines for the decades to come.”

“The A380 is a long term programme. Over the next twenty years we see a market of over 1,300 passenger aircraft in the very large aircraft segment. The A380 continues to win new customers and many are coming back with repeat orders.” Mr. Leahy added. “This year we’ve already won two new A380 customers and there are more queuing up.”

The A320 Family (A318, A319, A320 and A321) is recognised as the benchmark single-aisle aircraft family. Almost 7,000 Airbus A320 Family aircraft have been ordered and over 4,500 delivered to more than 320 customers and operators worldwide. The A320neo will have over 95 percent airframe commonality with the existing models making it an easy fit into existing fleets while offering up to 500 nautical miles (950 kilometres) more range or two tonnes more payload. Engines offered on the A320neo are CFM International’s LEAP-X and Pratt & Whitney’s PurePower PW1100G.

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