Aircraft leasing giant Avolon on Thursday placed an order for 90 new Airbus passenger jets.
In a statement, the companies said Avolon agreed to purchase 75 A321neos and 15 A330neos. The order includes purchase rights for another 25 A321neos and options to purchase 15 more A330neos.
The aircraft under this order are expected to be delivered through 2033.
“This order demonstrates our strong confidence in the long-term demand for new aircraft,” said Avolon CEO Andy Cronin. “Our scale and balance sheet position us to support our airline customers’ expansion and replacement needs into the next decade. Both the A321neo and A330neo are in high demand, and we expect this to continue given the long-term growth trajectory for the aviation sector.”
Avolon, which is based in Dublin, provides aircraft lease, lease management, and financing services to airlines and airline investors. Its customers include Delta, Southwest, Frontier, Porter, Allegiant, and Virgin Atlantic, among many others.
The company currently has 145 A320neo-family aircraft in its delivered fleet, and commitments for a further 358, including this week’s order. Its total fleet numbers over 1,000 aircraft.
