Aviation leasing company AerCap announced Wednesday that it has placed an order for 100 Airbus A320neo-family aircraft.
The firm is exercising options for 45 aircraft from a previous deal with Airbus and ordering 55 more to meet demand, officials said.
Deliveries are scheduled to begin in 2028 and continue through 2034.
AerCap said it will obtain engines for the new aircraft through long-term lease agreements with CFM International. Those deals cover 48 LEAP-1A engines, which will be provided through the AerCap-Safran joint venture Shannon Engine Support. Deliveries are expected to begin in the second quarter of this year.
In a statement, AerCap CEO Aengus Kelly said the new aircraft order will benefit ultra-low-cost carrier Frontier. The airline announced a new fleet modernization agreement with AerCap in February.
“By working closely with three of our long-standing partners – Frontier Airlines, CFM, and Airbus – today’s transaction will drive long-term growth for AerCap through a portfolio of highly desirable, in-demand aircraft, while enabling Frontier to optimize its fleet,” Kelly said. “This agreement also supports both Airbus and CFM in meeting their market-leading production and in-service commitments.”
Benoît de Saint-Exupéry, Airbus’ executive vice president of sales for commercial aircraft, said this week’s order is AerCap’s largest ever for the A320neo family.
