ALAFCO signs neo order

Kuwait based aircraft leasing company ALAFCO has finalised an order for 50 Airbus A320neos, with options on 30 more to be finalised by year’s end.

The contract, signed on Monday at the Dubai Airshow, increases a previous order for 30 A320neos agreed to earlier this year at the Paris Airshow.

The A320neo is scheduled to begin delivery in 2015. Airbus claims the revamped engines and drag-reducing design of the A320neo will result in 15 per cent fuel savings over the current A320, already the world’s best selling single aisle passenger jet.

ALAFCO has taken delivery of 25 A320s, with one more still on order. Airbus says 8100 A320 family aircraft have been ordered by 340 customers worldwide, with more than 4800 delivered.