Avolon is to lease five A330neo aircraft to low-cost South Korean carrier T’way Air.
T’way is an existing Avolon customer and becomes the 12th A330neo operator in Avolon’s customer base.
“The T’way Air team is rapidly expanding the airline’s operations and we are delighted to have them as a new A330neo customer,” said Paul Geaney, president and chief commercial officer at Avolon.
He added: “With the largest lessor committed fleet of 447 aircraft, we are well-placed to support our global customers as they look for capacity to meet the continuing high levels of travel demand.”
Compared to the previous generation A330ceo, the A330neo has an increased range of over 13,300km and 25% lower fuel consumption and CO2 emissions.
Hong Geun Jeong, representative director, T’way Air commented: “We have forged a strong relationship with Avolon and partnering on these new A330neos is an important next step in our growth ambitions. With 55 destinations and plans to expand our network the aircraft will help us in our mission to offer passengers exceptional service, reliability and value.”
The aircraft will be delivered in 2026 and will help support the airlines expansion of its international route network.