The second day of the Dubai Airshow concluded with an order for 50 Airbus A320neo aircraft, worth US$4.6 billion at list price, with an option for 30 more by the end of the year.
ALAFCO, the Kuwait-based international aviation lease and finance company, finalised the purchase of the aircraft, an increase of the initial agreement for 30 A320neos, made earlier in the year.
"The A320neo is the market's favourite single-aisle aircraft family," said ALAFCO Chairman Ahmed Al Zabin. "The significant fuel burn savings it offers, combined with the operational reliability and cost-effectiveness, make it an absolute 'must have' to meet the demand of our customers."
Commenting on the order, Airbus COO John Leahy said: "This order reflects the vitality of the Middle East region, where nearly 90 percent of the world's population is within eight or nine hours flying time."
This year's Dubai Airshow is the biggest yet, with nearly 55,000 trade visitors expected over the week.
Alison Weller, Managing Director of airshow organiser F&E Aerospace, said: "An aircraft order such as this, by a regional leasing company, clearly shows that this region is consolidating its position as a significant player in the aerospace industry."
The Dubai Airshow is organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and in co-operation with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces.
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