GE Capital Aviation Services (GECAS) orders 60 A320neo aircraft

Airbus’ fuel-efficient A320neo continues to conquer the market

GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of General Electric [NYSE: GE] has announced a firm order for 60 A320neo Family aircraft including the A321neo at the 51st International Paris Air Show. GECAS has selected CFM’s LEAP-X engine for all 60 A320neo aircraft.

The deal was jointly announced today by Norman C.T. Liu, President and CEO of GECAS and John Leahy, Airbus Chief Operating Officer, Customers. This new order brings the total number of A320 Family aircraft ordered by GECAS to 465, including 120 A320neo aircraft.

“The A320neo Family is the ideal solution for our customers who are seeking a product which offers them both attractive operating economics and reliable technology,” said Norman C.T. Liu, President and CEO of GECAS. “We see this fuel-efficient aircraft as a mainstay in our single-aisle portfolio for the years to come.”

“GECAS’ order for more of our best-selling A320neo aircraft, underscores the continuing strong market demand for these innovative, fuel-efficient and productive aircraft. These undisputed credentials make the A320neo an irresistible investment for leasing companies like GECAS who are committed to offering their customers products which deliver a solid return on investment,” said John Leahy, Airbus Chief Operating Officer Customers. “The unmatched, low operating costs and proven high dispatch reliability of the A320 Family make it a strong asset in GECAS’ portfolio.”

A320 Family

The A320 Family is the world’s best-selling single aisle product line with more than 11,700 orders to date and more than 6,500 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard. The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. Including today’s order from GECAS, Airbus has won over 3,800 firm orders for the A320neo Family from 72 customers.