Dublin based leasing specialist Avolon is continuing its growth with the order of 140 new aircraft from Airbus and Boeing.
in its latest round of orders the global finance company has ordered 100 Airbus A321neos from Airbus and 40 Boeing 737 max jets from Boeing.
The orders bring the total of “latest technology” airliners orders for Avolon to 200 this year combined with the previous order of 20 Airbus A330neos and 40 737 max ordered earlier this year.
Avolon will use the new aircraft to deliver cutting edge fuel-effecient aircraft to its airline customers around the world.
Andy Cronin, CEO of Avolon, said: “Today’s orders strengthen our delivery pipeline and reflect our confidence in the long-term outlook for aviation. We have committed to direct orders for 200 new, fuel-efficient aircraft this year, supporting the transformation of our fleet to lower emissions aircraft. The scale of our orderbook reflects the strength of Avolon’s balance sheet, our proven ability to execute swiftly, and the longstanding relationships we have with both Airbus and Boeing.”
Speaking about the Airbus order 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,”
Both deals are subject to approval from Avalon’s parent company Bohai Leasing Co. Ltd which is expected before the end of 2023.