Avolon, the global leasing company, has placed a confirmed order for 100 Airbus A321neo aircraft, boosting its total order to 190. This agreement ensures that Avalon will receive a consistent supply of the single-aisle A321neo aircraft.
Avolon Now Has 292 Airbus A320neo Aircraft On Order
“This order strengthens our delivery pipeline and reflects our confidence in the long-term growth outlook for aviation,“ said Andy Cronin, CEO of Avolon. “Avolon now has 292 A320neo family aircraft on order, locking in our ability to support customers’ replacement and fleet expansion plans into the next decade. This order reflects the strength of Avolon’s balance sheet and our proven ability to execute transactions swiftly. We welcome the opportunity to enhance the longstanding relationship we have with Airbus and build on the order we made for 20 A330neos earlier this year.”
“This investment in the A321neo is a testimony by one of the world’s leading lessors to the unprecedented value the world’s most versatile single-aisle aircraft generates for its lessor and operator base. It points to Avolon’s vision to secure slots longer term for its strong airline customer portfolio with the right aircraft for the future. This way Avolon and its customers can benefit from the strong wave of growth and replacements being observed globally across all markets,” said Christian Scherer, Chief Commercial Officer and Head of International at Airbus.
Meeting Growing Demand For Airbus Aircraft
Avolon has recently signed an agreement with Airbus, boosting their firm order-tally to 632 aircraft. This includes models from the A320, A330, and A350 Families. The lessor also ordered 20 A330neo planes in September to meet the growing demand for widebody aircraft.
Among Airbus’ A320neo Family, the A321neo is the largest member, offering impressive range and performance. This aircraft incorporates new-generation engines and Sharklets. These aircraft significantly reduce noise and offer 20% fuel savings and CO₂ reduction compared to older single-aisle planes. Furthermore, passengers can enjoy the comfort of the widest single-aisle cabin in the sky. The A321neo has garnered over 5,600 orders from more than 100 global customers.