It seems that Avolon (an aviation leasing company) has brought itself an early Christmas present, by them ordering a further 100 Airbus A321neo aircraft.
The additional order will take its total order for the A321neo to 190 aircraft, securing its medium-term delivery pipeline of single-aisle aircraft. A delivery timeline was not announced
With this latest agreement, Avolon’s total firm order-tally directly from Airbus rises to 632 aircraft and includes A320, A330 and A350 Families.
This order follows-on one made in September 2023, where Avolon ordered 20 A330neo aircraft to take advantage of growing global widebody demand.
In Quotes
Andy Cronin, CEO of Avolon said.
“This order strengthens our delivery pipeline and reflects our confidence in the long-term growth outlook for aviation,“
“Avolon now has 292 A320neo family aircraft on order, locking in our ability to support customers’ replacement and fleet expansion plans into the next decade. This order reflects the strength of Avolon’s balance sheet and our proven ability to execute transactions swiftly. We welcome the opportunity to enhance the longstanding relationship we have with Airbus and build on the order we made for 20 A330neos earlier this year.”
Christian Scherer, Chief Commercial Officer and Head of International at Airbus added:
“This investment in the A321neo is a testimony by one of the world’s leading lessors to the unprecedented value the world’s most versatile single aisle aircraft generates for its lessor and operator base. It points to Avolon’s vision to secure slots longer term for its strong airline customer portfolio with the right aircraft for the future. This way Avolon and its customers can benefit from the strong wave of growth and replacements being observed globally across all markets,”
Support higher production rates
With demand for replacement and new single-alise aircraft still at insatiable levels, Airbus and Boeing are ramping up the production of their families to support the growth that lessors and airlines are demanding.
With the space that lessors occupy an important one (allowing for fleet deployments both long and short term), this capacity will be useful as airlines seek to upgrade their fleets or spin up new divisions.
Or entirely new airlines.
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