International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (AIG), announced today that it has exercised options to purchase 50 incremental A320neo Family aircraft from Airbus that were part of the agreement signed in April 2011 for 100 firm A320neo Family aircraft.

ILFC was the first leasing company to order the Airbus A320neo Family aircraft and has the largest order position among aircraft leasing companies. Deliveries of ILFC’s NEO aircraft are expected to commence in 2015. Officially launched in December 2010, the A320neo Family aircraft incorporate greater fuel-efficiency and eco-friendly technology, providing reductions in engine noise and emissions.