Avolon has placed a firm order for a set of 110 Airbus aircraft, comprising 35 A330-900 and 75 A320neo Family aircraft.
This new, incremental order brings Avolon’s total number of A330-900 aircraft to 114, and its total number of A320 Family aircraft to around 650.
Powered by Rolls-Royce Trent 7000 engines; the A330neo is designed to fly up to 8,100 nautical miles (15,000 kilometres) non-stop, and aims to reduce fuel burn, CO₂ emissions and operating cost by 25% compared to previous generation competitor aircraft, whilst the A320 Family, the world’s most popular single-aisle aircraft, aims to offer a minimum of 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft, while maximising passenger comfort with one of the widest single-aisle cabins in the sky.
Andy Cronin, Avolon CEO, said:We continue to see strong demand for new aircraft, and this order further strengthens our long-term delivery pipeline. This positions us to support our airline customers' fleet growth and replacement requirements well into the next decade.
We expect demand for both the A330neo and A320neo to remain strong given the long-term growth trajectory of the aviation sector, and we are delighted to further expand our longstanding partnership with Airbus through this agreement.
Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business., said:This is a major order for both the A330neo and the A320neo Family and we thank Avolon for its repeated endorsement of our products.
With this acquisition, Avolon confirms its position as the leading lessor for the A330-900, having purchased 114 of the type from Airbus. It is also another demonstration of the strong demand for the A330neo and A320neo from the lessor community, who clearly value the broad market appeal and flexibility these two products offer in the market space from domestic to regional to long haul routes.
