Paris Airshow: ALAFCO adds Neos to Airbus order

Kuwait leasing company ALAFCO signed an agreement for 30 Airbus A320neo aircraft at the Paris Air Show this afternoon just hours after an earlier order for six A350s.

ALAFCO already ordered 26 A320s of which 25 have been delivered. “The A320neo is proving to be a very popular aircraft due to its economics and low fuel burn,” said Abulqasim Abdulghaffar Redha, ALAFCO executive vice president. “We anticipate strong demand from leasing customers and we look forward to helping them meet their requirements.”

“We’re taking neo orders from all corners of the world, from both airlines and leasing companies because we’ve hit a sweet spot in the market. An aircraft which offers a 15% reduction in fuel burn is proving to be irresistible,” said John Leahy, chief operating officer customers.

Over 7,000 A320 Family aircraft have already been ordered and more than 4,700 delivered to more than 330 customers and operators worldwide reaffirming its position as the world’s best-selling single-aisle aircraft family. The A320neo has over 95 percent airframe commonality making it an easy fit into existing fleets while offering up to 500 nautical miles (950 kilometres) more range or two tonnes more payload at a given range.