Cathay group agrees sale and leaseback deal for Airbus jets with Avolon
The Cathay Group has inked a sale and leaseback agreement of nine new Airbus A320neo family aircraft with Avolon.
The A321neo and A320neo aircraft are scheduled for delivery in 2026 and 2027.
The aircraft will support the Cathay Group’s growing connectivity push at its Hong Kong hub.
A320neo family aircraft deliver 20% fuel savings and CO2 reduction compared to previous-generation A320 aircraft.
The A321neo is the extended version of the aircraft, accommodating up to 244 passengers with a range of 7,400km.
Avolon has 101 A320neo family aircraft in its leased fleet, with a large orderbook pipeline for a further 192.
Cathay Group airlines currently flies to over 75 passenger and cargo destinations plus an additional 160 destinations through codeshare agreements.
As od this summer, it has a fleet of 225 aircraft.
Paul Geaney, Chief Commercial Officer, Avolon said: “We are very pleased to agree this sale and leaseback transaction and look forward to our future partnership.”
“Passenger traffic in and out of Hong Kong has bounced back strongly this year.”
TravelMole Editorial Team
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.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Euromonitor International unveils world’s top 100 city destinations for 2025