Leading aircraft lessor Avolon has agreed to lease five Airbus A330neos to South Korean low-cost carrier, T’way Air
The aircraft will be delivered in 2026 and will support T’way’s expansion on international routes.
The airline currently operates to 55 destinations.
T’way is an existing Avolon customer and becomes the 12th A330neo operator in Avolon’s customer base.
Avolon says widebody production recovery is lagging behind narrow bodies which is resulting in a tighter market and longer wait times for widebody aircraft.
In its 2024 Outlook: New Horizons paper, Avolon forecasted that the remaining delivery slots from manufacturers for widebody aircraft will be sold out to 2030 by the end of this year.
Compared to the previous generation, the A330neo has an increased range of over 13,300km (7,200 nautical miles) and 25% lower fuel consumption and CO2 emissions.
Hong Geun Jeong, Representative Director, T’way Air said: “We have forged a strong relationship with Avolon and partnering on these new A330neos is an important next step in our growth ambitions”.
