A320 neo in ALAFCO livery. Courtesy, Airbus

Aviation Lease and Finance Co. (ALAFCO) has finalized an order for 50 Airbus A320neos and has taken options for 30 more. The contract, which was signed Monday at the Dubai Airshow, is an increase from ALAFCO's initial commitment for 30 A320neos announced in an MOU at the Paris Air Show in June (ATW Daily News, June 22).

“The A320neo is the market’s favorite 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 of the A320 family, make it an absolute must have in our portfolio to meet the demand and the requirements of our customers.”