Dublin headquartered leasing and aviation finance specialist Avolon has agreed a deal to lease 10 Airbus A321neos to Turkish Airlines’ low-cost subsidiary, AJet.
The aircraft will come from Avolon’s extensive orderbook with Airbus which currently stands at 294 A320neo family aircraft and will be used to support AJets fleet renewal plans.
Ajet currently operates 92 aircraft and flies to 100 destinations across Türkiye, the Middle East, Europe and North Africa.
Andy Cronin, Avolon CEO, said: “We are delighted to further strengthen our partnership with Turkish Airlines and support AJet’s continued growth. Our large A320neo family orderbook is in high demand from airlines who are looking to expand their route networks and renew their fleet with new technology aircraft. This positions us as a preferred partner for airlines and, coupled with our scale and balance sheet strength, will drive sustained growth for the business well into the next decade.”
Prof Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee, added: “We are pleased to expand our partnership with Avolon through this latest agreement. The addition of these next-generation A321neo aircraft will support AJet’s growth strategy while contributing to our sustainability goals with improved fuel efficiency and lower emissions. We look forward to continuing our cooperation as we expand AJet’s network and enhance its fleet.”
The deal was announced the Paris Airshow today and the aircraft are scheduled for delivery in 2027.
