Leasing company with one of the largest Airbus fleets, Avolon announced at the Paris Air Show the signing of a Memorandum of Understanding to order 20 A330-900neo aircraft.
It was the second agreement signed by the company at the event at Le Bourget Airport. A day earlier, Avolon confirmed an order for 40 jets from Boeing’s 737 MAX family.
According to Airbus, the Avolon agreement reserves production slots for the A330neo, a widebody aircraft that the planemaker says is in great demand around the world.
“We have been a strong supporter of the A330neo program since its launch and 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,” said Andy Cronin, CEO of Avolon.
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Including owned, managed and leased aircraft, Avolon currently has a total of 616 Airbus aircraft. The fleet includes 55 A330neo, 208 A320ceo, 285 A320neo, 51 A330ceo and 17 A350 jets.
“It’s fantastic to see Avolon once again commit additional investment in the A330neo aircraft and lead the lessor market reordering widebody aircraft. 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,” said Christian Scherer, commercial director and international head of Airbus.
The A330-900neo is the largest widebody variant, which also features the smaller A330-800neo. The aircraft equipped with Rolls-Royce Trent 7000 engines has a range of 13,309 km and can carry between 260 and 460 passengers. Until May, the A330 family had accumulated 1,775 firm orders from 130 customers.