Global Lessor Adds Five Of The Single-Aisle Airliners To Its Portfolio

International aircraft leasing company Avolon has confirmed an order for 20 A320neo aircraft in December 2012.  This firm order is an increase on Avolon’s initial commitment for 15 A320neo aircraft announced in July 2012 at the Farnborough International Airshow. Avolon will make its engine selection at a later date.

“Our increased commitment to the NEO reflects the strong customer feedback we have received since our original announcement for 15 NEO aircraft in July 2012. Maintaining a forward order book of highly fuel-efficient, new generation aircraft is a natural complement to our extensive sale and leaseback and other financing capabilities and maintains our position as a premier, full-service aircraft lessor,” John Higgins, Avolon President and Chief Commercial Officer commented. “We are confident that our customers will be satisfied with the economic and environmental benefits the NEO promises to deliver.”
 
“When a dynamic lessor such as Avolon decides to order more of our aircraft than originally planned, it’s a clear recognition of the excellent value our products deliver,” said John Leahy, Airbus Chief Operating Officer, Customers. “We are confident that the A320neo Family, which offers the best economics of any single aisle aircraft, will be the backbone of leasing companies’ portfolios for the years to come.”
 
The A320neo new engine option for the A320 Family is scheduled for entry into service in 2015.

FMI: www.airbus.com