Airbus A320neo (New Engine Option) - is a program to create a new generation of airliners from the Airbus A320 family through updated engines. By installing newer, more efficient engines, the program is expected to significantly enhance the economy, range and maximum takeoff weight of the planes. Airline companies have the option to choose which engines to install on their fleet: the European-made CFM International LEAP-X or the US-made Pratt & Whitney PW1400G/PW1500G.
Besides new engines, the Airbus A320neo is also modified to have larger winglets (called “sharklets” by Airbus). In all, this overhaul will be applied to 3 models of medium-range airliners produced by Airbus: A319, A320 and A321. The first of A320neo planes entered service in 2016.