Air Lease Corporation has become the first customer of the new A330-900neo widebody aircraft after announcing it has agreed to a deal to buy 25. The deal was announced at Farnborough this morning moments after Airbus revealed it was launching the A330-800neo and A330-900neo, complete with new Rolls Royce Trent 7000 engines. The 25 on order are worth $6.9bn, with each unit costing $275m. Steven Udvar-Hazy, CEO of Air Lease Corporation, explained that the A330neo addresses airline fuel efficiency and labour concerns, while the 13-hour flight range makes it suitable for many routes. Airline demand is expected to reach 1,100 aircraft by the end of the decade. The leasing firm also announced an order of 60 additional A321neos, taking its order with Airbus of the aircraft to 110. The total Air Lease order is worth $14.1bn.