- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 05:38 06:53 12:36 15:47 18:14 19:28
Picture only for illustrative purpose. The deal brings the number of A320 aircraft ordered by the lessor to 98 (SUPPLIED)
The US-based aircraft leasing company Aviation Capital Group has ordered 30 Airbus A320neo jetliners in a deal valued at $2.7 billion, the two entities announced Tuesday.
The European manufacturer and the American firm signed the purchase agreement for the fuel-efficient single-aisle jets on the third day of the Dubai Airshow.
"Faced with increasing fuel prices and tough competition, we are seeing a stronger than ever demand from our customers for modern fuel-efficient aircraft such as the A320neo," said Stephen Hannahs, chief executive officer of ACG in a statement released at the signing ceremony.
The new deal brings the total number of A320 aircraft ordered by the lessor to 98.
Airbus says the new airliner will deliver a 15 percent cut in fuel consumption thanks to latest generation engines and large sharklet wingtip devices.
It says the reduction in fuel burn was equivalent to 1.4 million litres of fuel, which equals the consumption of 1,000 mid-size cars.
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