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Avolon Strengthens Partnership with Airbus: Places Order for 20 A330neo Aircraft and Upgrades A320neos to A321neos

Avolon has finalized its order of 20 A330neo aircraft from Airbus. The move strengthens their ongoing relationship and highlights Avolon’s commitment to sustainable aviation.

Paul Geaney, President and Chief Commercial Officer of Avolon, Andy Cronin, CEO of Avolon, and Christian Scherer, Chief Commercial Officer and Head of International at Airbus, photographed at the A330neo aircraft announcement at 2023 Paris Air Show in June.
Paul Geaney, President and Chief Commercial Officer of Avolon, Andy Cronin, CEO of Avolon, and Christian Scherer, Chief Commercial Officer and Head of International at Airbus, photographed at the A330neo aircraft announcement at 2023 Paris Air Show in June. Source: Avolon

Order Details

Critically, this new agreement builds upon a memorandum of understanding previously signed during the Paris Airshow in June. The new aircraft are scheduled for delivery between 2025 and 2028.

The A330neo: A Game-Changer

Originally a launch customer for the A330neo program in 2014, Avolon stands at the forefront of widebody aircraft demand. The A330neo, a successor to the 1,400 A330ceo aircraft in operation, boasts an impressive range exceeding 13,300km (7,200 nautical miles). Furthermore, its reduced fuel consumption and CO2 emissions by 25% presents an enticing option for airlines eager to make the sustainable shift.

An Upgrade in the Fleet

Importantly, in addition to the A330neo order, Avolon and Airbus have also come to an understanding regarding the A320neos. 50 of the aircraft originally on order are set to be upgraded to the more spacious and efficient A321neo model.

Industry Leaders Comment

Andy Cronin, the dynamic CEO of Avolon, shared his insights, stating, “We see a high level of widebody demand within the delivery window for these aircraft. With our existing widebody pipeline already placed, these new aircraft will support our future growth plans. They will 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.”

Echoing these sentiments, Christian Scherer, Chief Commercial Officer and Head of International at Airbus, added, “It’s fantastic to see Avolon once again commit additional investment in the A330neo aircraft and lead the lessor market by reordering widebody aircraft. 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. We welcome our continuing partnership.”

About Avolon

Avolon connects capital and customers, driving aviation transformation and its numerous benefits. Their dedication to client relationships, efficient execution, and a robust balance sheet sets them apart. The lessor has a fleet of 875 aircraft serving 149 airlines across 65 nations.

About Airbus

Airbus, a global pioneer in sustainable aerospace, consistently pushes the envelope with advanced technological solutions across aerospace, defense, and connected services sectors. With the world’s most modern and fuel-efficient commercial aircraft, they remain steadfast in ensuring a safe and connected world. Their leadership extends from commercial aircraft to defense, space, and helicopters, providing state-of-the-art rotorcraft solutions worldwide.

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