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15 July 2014
Commercial Aircraft

Airbus sees sustained demand for its popular single-aisle product line at the 2014 Farnborough Airshow

A320 NEO DETAILS-005
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15 July 2014

A320 NEO DETAILS-005

Airbus’ A320neo (new engine option) Family reached an important milestone during the Farnborough International Airshow: more than 3,000 firm orders from 57 customers since its launch in December 2010

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15 July 2014

A320neo BOC

BOC Aviation, the Singapore-based aircraft leasing subsidiary of Bank of China, has announced an order for an additional 43 A320 Family aircraft, comprising seven A320neo Family aircraft across A320neo and A321neo variants, at the Farnborough International Airshow 2014.

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15 July 2014

A320 SMBC

SMBC Aviation Capital, one of the world’s largest aircraft leasing companies, has signed a major firm order for 115 A320 Family aircraft (110 A320neo, five A320ceo). The contract was announced today at the Farnborough International Airshow 2014, by Peter Barrett, SMBC Aviation Capital, CEO, Fabrice Brégier, Airbus President & CEO and John Leahy, Airbus Chief Operating Officer, Customers.

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14 July 2014

A320neo Aercap

AerCap, the industry leading lessor headquartered in Amsterdam, the Netherlands, has firmed up an order for 50 additional A320neo Family aircraft at the Farnborough International Airshow 2014.

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14 July 2014

A321neo ALC 01

Air Lease Corporation signs for 25 A330neo and 60 A321neo -

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14 July 2014

British Airways A320neo

British Airways – which is intended to operate the 20 A320neo aircraft options firmed up by its International Airlines Group (IAG) parent company – already operates 120 jetliners from Airbus’ popular single-aisle product line

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Summary

The latest wave of orders and commitments for Airbus’ best-selling A320 Family of jetliners underscores the continued market demand for both its CEO (current engine option) and NEO (new engine options), while also confirming the trend toward higher-capacity jetliner versions in meeting worldwide traffic growth.

Today’s single-aisle announcements at the 2014 Farnborough Airshow included firm orders and commitments from major leasing companies covering 163 total aircraft: 115 for SMBC Aviation Capital (110 A320neo and 5 A320ceo); 43 additional single-aisle jetliners for BOC Aviation – comprising seven NEOs and 36 CEOs; and a Memorandum of Understanding for five A321ceos ordered by CIT Group, Inc. 
This follows a busy Monday for the A320 Family as well with firm orders from Air Lease Corporation for 60 A321neo and AerCap’s booking of 50 A320neo aircraft. In addition, International Airlines Group (IAG), the parent company of British Airways, converted 20 A320 Family options into firm orders – jetliners it currently intends to operate with the U.K.-based airline.
This strong demand is further proof of the success and popularity of the A320 Family as a cornerstone in the fleets of operators around the globe. 
“The A320 has been a core part of our fleet since we started our business in 2001,” said Peter Barrett, CEO of Aviation Capital.  “We’re delighted to be building on that investment – and I’m very confident we will be able to give our airline customers the aircraft that they both need and that they want.” In selecting a mix of CEO and NEO Family aircraft this week, customers have highlighted the benefits from the efficiency of current engine option aircraft now, as Airbus is developing and ramping-up production for NEO jetliners, which will offer a 15 per cent fuel burn reduction.  
Another important trend from the Farnborough Airshow orders show the growing demand for the longest-fuselage member of Airbus’ single-aisle product line – the A321, which offers operators higher capacity for rising global air traffic – particularly in fast-growing regions such as Asia. 
“Over the last year, we have seen quite a lot of demand coming up for A321s. People are upgrading their size of aircraft – and we expect that trend to continue,” said Robert J. Martin, Managing Director and Chief Executive Officer of BOC Aviation – the Bank of China’s Singapore-based aircraft leasing subsidiary.
The new business announced this week brought Airbus total orders from its A320neo product line to more than 3,000 from 57 customers, which represents a 60 per cent market in its category. Overall, Airbus has logged more than 10,500 orders for A320 Family aircraft.
A320 NEO DETAILS-005
 

Airbus’ A320neo (new engine option) Family reached an important milestone during the Farnborough International Airshow: more than 3,000 firm orders from 57 customers since its launch in December 2010

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