Avolon has announced an order for 100 Airbus A320neo family aircraft in a deal valued at US$11.5 billion at current list prices.
The international aircraft leasing company has signed an order for 75 A320neos and 25 A321neos. The planes are scheduled for delivery from 2023 onwards.
Dómhnal Slattery, Avolon chief executive, commented: “Our order for 100 A320neo family aircraft builds on our leading industry position and reflects our ambition to become the global leader in the sector.
“We are locking in growth well into the next decade and building on our existing order book of exclusively new technology aircraft. “The scale of the order reflects the long-term commitment and strategic perspective of our shareholders.”
He added: “We continue to see robust demand from our customers for the A320neo family. This is consistent with our own market research and global fleet forecast. Our order affirms our belief in the medium-term market outlook and the strong growth prospects for our business.”
The deal makes Avolon Airbus’ largest aircraft lessor backlog customer, with more than 220 single-aisle and 45 twin-aisle aircraft planes now on order. Christian Scherer, Airbus chief commercial officer commented: “This order underscores the market appetite for the efficiency, reliability and passenger appeal of our A320neo family. The A320 family of aircraft is a future-proof asset for investors and airlines alike. Avolon’s recent success is a testimony to its leadership’s dedication to our industry. Its commitment to Airbus reflects its profound market insights. I personally look forward to further extending this relationship as we go forward.”