Avolon makes big Airbus order
Global aircraft lessor Avolon has inked a major order with Airbus for 75 A321neo aircraft and 15 A330neo aircraft.
The new aircraft are scheduled to be delivered out to 2033.
The order increases Avolon’s Airbus commitments to 413 aircraft, comprising exclusively of A320neo family and A330neo aircraft.
The order includes purchase rights for a further 25 A321neos, and options to purchase a further 15 A330neos.
Avolon currently has 145 A320neo family aircraft in its delivered fleet, and commitments for a further 358 aircraft including this new order.
Airbus says the aircraft deliver 20% lower fuel burn and CO2 emissions compared to previous generation single-aisle aircraft, and 50% in noise reduction.
The A321neo can carry up to 244 passengers with a range of 7,400km.
Avolon was a launch customer for the A330neo programme in 2014 and has 33 A330neos in its delivered fleet.
Andy Cronin, Avolon CEO, said: “This order demonstrates our strong confidence in the long-term demand for new aircraft. Our scale and balance sheet position us to support our airline customers’ expansion and replacement needs into the next decade.”
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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