PARIS, March 15 (Xinhua) -- Turkish Airlines signed a contract for up to 117 A320 Family aircraft, the aircraft manufacturer Airbus announced Friday in a statement.
"We are placing our biggest ever order with Airbus," confirmed Faruk Cizmecioglu, Chief Marketing Officer of the Turkish national flag carrier.
The Turkish airlines' new order is estimated to be worth 9.3 billion U.S. dollars at a catalogue price. It includes 25 A321ceo, 4 A320neo, 53 A321neo and options for 35 additional A321neo aircraft. The engine selection will be made at a later date.
The airlines' existing fleet owns 75 A320 Family aircraft.
According to Airbus, the A320neo Family will deliver fuel savings of 15 percent, while providing a double-digit reduction in NOx emissions and reduced engine noise.
Turkish Airlines will use their newly-ordered aircraft to expand their short- to medium-haul routes from the Istanbul hub, and to save costs.
The A320neo aircraft will enter into service from late 2015, followed by the A319neo and A321neo in 2016.