Record-breaking deal: AerCap places largest-ever direct order for A320neo Family

AerCap Holdings N.V. announced Wednesday that it has reached an agreement with Airbus for the purchase of 100 new A320neo Family aircraft, including the exercise of previously agreed firm options. Deliveries are scheduled to begin in 2028 and continue through 2034.

In connection with this transaction, AerCap will also enter into long-term lease agreements with CFM International for 48 LEAP-1A engines through its Shannon Engine Support (SES) joint venture with Safran Aircraft Engines, with deliveries beginning in the second quarter of 2026. SES is the leading provider of LEAP spare engines for CFM.

"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. This agreement also supports both Airbus and CFM in meeting their market-leading production and in-service commitments," said Aengus Kelly, CEO of AerCap.

Frontier Airlines, headquartered in Denver, Colo., took delivery of its first A320neo aircraft in October 2016.

"In addition, we are pleased to announce the exercise of 45 of our existing options with Airbus, along with the addition of a further 55 A320neo Family aircraft to our orderbook,” Kelly concluded.

"This order is the largest single direct order for the type ever placed by AerCap with Airbus and is a powerful endorsement of the A320neo Family's enduring value and market-leading performance," said Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business. "We are extremely grateful and proud to support AerCap's vision in accelerating the global transition towards newer, modern aircraft and more efficient operations."

AerCap is headquartered in Dublin, Ireland.