US lessor Air Lease Corp. (ALC) became the launch customer for the Airbus A330neo Monday, signing a memorandum of understanding for 25 -900 variants at a list price of $6.9 billion and saying the price of the re-engined widebody could not be ignored.

“There is a compelling price difference between this aircraft and any other widebody,” ALC president and COO John Plueger told journalists. “It was a very smart and astute move by Airbus and the aircraft is very attractively priced.”

Airbus COO-customers John Leahy said the list price for the 310-seat A330-900neo was $275 million while list price for the longer-range, 252-seat -800 variant was $242 million.

At a separate press conference Monday, AerCap president and CCO Philip Scruggs also commented on the A330neo. AerCap announced the firming of 50 options for the A320neo narrowbody.

“AerCap is the largest leasing company in the world and so undoubtedly we will look at the A330neo,” Scruggs said. “When it’s right, we will move and if not, we won’t. But there is no doubt that this is a great aircraft.”