Avolon has successfully completed the delivery of five new Airbus A320neos to Flynas. The additional five new aircraft bring the Middle Eastern low-fare carrier’s total fleet to 54 aircraft, which includes 45 A320neos.
The arrival of the fifth aircraft delivered from Airbus’s delivery centre in Toulouse marks the completion of a sale and leaseback transaction agreed in May 2022. Avolon now has 11 aircraft on lease to Flynas, consisting of six A320neos, three A320ceos and two A330-300s.
“This transaction with Flynas expands our relationship with one of the Middle East’s fastest growing airlines,” said Paul Geaney, President and Chief Commercial Officer, Avolon. “We are seeing a high level of sale and leaseback opportunities in the market, and we are benefiting from our ability to execute at scale. The leasing industry is enjoying continued high demand from customers, which we expect to be the case for the foreseeable future.”
Image: Flynas
