Avolon has firmed its previous order for 20 new A330neos from Airbus, following the memorandum of understanding signed at the Paris Airshow in June. The new aircraft are expected for delivery between 2025 and 2028.
The agreement also confirmed the conversion of Avolon’s order of 50 A320neo aircraft to the larger A321neo model.
“We see a high level of widebody demand within the delivery window for these aircraft,” said Andy Cronin, CEO of Avolon. “With our existing widebody pipeline already placed, these new aircraft will support our future growth plans and allow us to provide options for carriers looking to replace older A330ceo aircraft with the more fuel-efficient A330neo. The order builds on our strong relationship with Airbus as a launch customer for the A330neo and our position as the leading lessor for this aircraft type.”
“It’s fantastic to see Avolon once again commit additional investment in the A330neo aircraft and lead the lessor market reordering widebody aircraft,” added Christian Scherer, Chief Commercial Officer and Head of International, Airbus. “Avolon’s vision and timing could not be better with this commitment for a further 20 aircraft to its portfolio.
“Avolon will benefit from the strong wave of growth and replacements that we currently observe across all markets, and we welcome our continuing partnership with them,” added Scherer.
Image: Airbus A330neo Avolon livery
