SINGAPORE: A Kuwait-based leasing firm has ordered 35 more Airbus A320neo planes for $3.4 billion based on catalogue prices, the European aircraft maker said Tuesday.
The purchase will be in addition to 50 A320neo aircraft ordered by the Aviation Lease and Finance Company (ALAFCO) at the Dubai Air-show last year, Airbus said in a statement.
The new deal was announced at the Singapore Air-show that kicked off Tuesday and lasts until the weekend.
"After a full analysis, we concluded that the A320neo will continue to be in strong demand," said ALAFCO chairman and chief executive Ahmad Alzabin in a statement.
"Therefore, we are seizing the opportunity to secure an additional 35 aircraft to meet the future requirements of our customers," he added.
"The significant fuel burn savings it offers, combined with the operational reliability and cost-effectiveness of the A320 family makes it an absolute 'must have' in our portfolio."
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