Avolon has signed a Memorandum of Understanding (MoU) for 20 A330neo aircraft. Avolon currently has a total fleet of 616 Airbus aircraft including owned, managed and committed aircraft. This includes 55 A330neos as well as 208 A320ceo, 285 A320neo, 51 A330ceo and 17 A350s.
The new aircraft are scheduled to be delivered between 2026 and 2028.
Avolon was a launch customer for the A330neo programme in 2014 and has fully placed its current widebody order book.
The agreement will also convert the 50 A320neo aircraft Avolon has on order with Airbus to the larger A321neo model.
Advocating his strong support of the A330neo programme since launch, Andy Cronin, chief executive, Avolon commented: “With our existing widebody orderbook fully placed we are now locking in future growth in a supply constrained environment. Our expanded delivery pipeline allows us to offer our customers the A330neo’s range and reduced emissions to support their evolving fleet needs. Our recent aircraft orders and commitments reflect our confidence in the long-term growth trajectory of the aviation sector, which is outlined in our recent World Fleet Forecast projecting that the global passenger fleet will almost double by 2042.”
“It’s fantastic to see Avolon once again commit additional investment in the A330neo aircraft and lead the lessor market reordering widebody aircraft," said Christian Scherer, the Airbus chief commercial officer. "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."
The A330neo is Airbus’ latest widebody aircraft. Powered by the latest generation Rolls-Royce Trent 7000 engines, the A330-900 is capable of flying 7,200 nm / 13,300 km non-stop.