Next-generation single-aisle jet can now fly overseas

A321neo (AIRBUS S.A.S. 2014 computer rendering by FIXION GWLNSOD)

A321neo (AIRBUS S.A.S. 2014 computer rendering by FIXION GWLNSOD)


, Last Updated: 10:44 AM ET

Airbus has launched a single-aisle aircraft capable of making transatlantic flights.

With 4,000 nautical miles, the A321neo 97t holds bragging rights to boasting the longest range of any single-aisle airliner in the world.

The latest development in aviation means that more airlines will be able to tap into the lucrative and growing long-haul market which was previously inaccessible, says Airbus.

An additional fuel tank in the aircraft hold and improvements on the design of the wings and fuselage allow the next-generation jet to undertake longer flights and deliver a 20 percent fuel savings by 2020.

The jet is capable of seating 206 passengers.

Los Angeles-based lessor Air Lease Corporation has become the first customer to place an order for the A321neo 97t, ordering 30 aircraft to join its growing Airbus family which stands at 258.

First deliveries will start by 2019.

Overall, Airbus says 2014 was a record-setting year with 629 deliveries for 89 customers, eight of which are new.