Avolon finalizes order from Airbus for 20 A330neo aircraft

Avolon, a company specializing in aviation leasing and financing, has signed a binding agreement with Airbus to order 20 new A330neo aircraft. The order reaffirms the Memorandum of Understanding signed at the Paris Air Show in June. The new aircraft are scheduled to be delivered between 2025 and 2028.

Avolon was the first customer for the A330neo program in 2014 It enjoys strong customer demand for more wide-body aircraft having completed its existing order book. With more than 1,400 A330ceo aircraft in operation, airlines are considering options to upgrade to the A330neo, which has a longer range of more than 13,300 km and 25% lower fuel consumption and CO2 emissions.

The agreement with Airbus also confirms that 50 Avolon A320neo aircraft are on order with Airbus It will be converted to the A321neo model Larger.

Andy Cronin, CEO of Avolon, commented: “We are seeing a high level of demand for widebodies during the delivery time of these aircraft. With our range of wide-body aircraft already in place, These new aircraft will support our future growth plans It will allow us to offer options to airlines looking to replace their older A330ceo aircraft with the more fuel-efficient A330neo. The order builds on our strong relationship with Airbus as the first customer for the A330neo and our position as a major lessor of this type of aircraft.

Christian Scherer, Chief Commercial Officer and International Head of Airbus, commented: “It is great to see Avolon once again committing to additional investments in the A330neo and Leading the lessor market through reordering of wide-body aircraft. Avolon’s vision and timing could not be better with this commitment to adding another 20 aircraft to its portfolio. “Avolon will benefit from the strong wave of growth and turnover we are currently seeing across all markets, and we welcome our continued partnership with them.”