Key Points:

  • Avolon confirms its order for 20 Airbus A330neos, having previously disclosed a tentative agreement.

  • The company is opting to convert 50 of its A320neo backlog orders to the larger A321neo variant.

  • Avolon’s CEO foresees significant widebody demand, positioning the A330neo as a fuel-efficient replacement for older A330s.

Avolon Anticipates High Widebody Demand in Future

DUBLIN — Avolon, the Irish leasing firm, has officially announced an order for 20 Airbus A330neos, a decision that followed its provisional commitment shared during the Paris air show in June. In addition to this, the lessor has opted for a change in its backlog, choosing to convert 50 of its A320neo orders to the more sizable A321neo.

The latest deal outlines that these aircraft will be delivered between 2025 and 2028. This timeline marks a revision, with the first deliveries starting a year earlier than was previously suggested in the provisional deal.

By the close of July, orders for the A330neo had surged, totaling 295. Notably, the majority of these orders, except for a mere 12, were for its larger -900 model.

Commenting on the company’s strategic choices, Avolon’s chief, Andy Cronin, remarked on the anticipated increase in widebody aircraft demand during these planes’ delivery period. He added, “With our existing widebody order book already committed, these new additions will further our growth ambitions. The new A330neo, being more fuel-efficient, presents an optimal choice for airlines considering replacing their older A330 models.”

It's worth noting that Avolon was among the early adopters of the re-engined twinjet.

The Irish lessor has decided to upgrade its order by converting 50 single-aisle jets to the A321neo variant, reflecting a growing preference among operators for larger planes. Airbus's chief commercial officer, Christian Scherer, believes this move will position Avolon to capitalize on the surge of growth and replacements seen in the global markets. As of 30 June, Avolon's total fleet, including owned, managed, and committed aircraft, amounted to 875 planes.