Avolon firms up order for 100 A320neo aircraft

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Ireland headquartered aircraft lessor Avolon has firmed up an order for 75 A320neos and 25 A321neos. – the single largest order for Airbus aircraft ever placed by the lessor.

The agreement takes Avolon’s cumulative orders with Airbus to 284 aircraft (240 single-aisles and 44 widebody aircraft) including the A321neo, the A330neo and the A350 XWB.

Avolon chief executive officer, Dómhnal Slattery said: “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.”

The new order for 100 aircraft together with the 22 single-aisles and four widebodies already delivered, increases Avolon’s Airbus backlog to 258, the largest of any lessor.