Dublin based aircraft lessor Avolon has firmed up an order with Airbus for 75 A320neos and 25 A321neos.
The agreement worth around £9billion is the single largest order for Airbus aircraft ever placed by Avolon.
The agreement takes the number of Airbus jets on order from Avolon’s to 284 which includes A321neo, A330neo and A350 XWB jets.
Dómhnal Slattery, Avolon CEO, 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 continue to see robust demand from our customers for the A320neo family globally.
This is consistent with our own market research and global fleet forecast.
This order affirms our belief in the medium-term market outlook and the strong growth prospects for our business and our shareholders.”
Christian Scherer, Airbus Chief Commercial Officer said:
“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.”
The jets will be delivered from 2023.