Avolon, a leading global aviation finance company has successfully completed the delivery of five new Airbus A320neos to Flynas, a prominent Middle Eastern low-cost carrier. The most recent aircraft, concluding a sale and leaseback transaction initiated in May 2022, departed from Airbus’s delivery center in Toulouse. The A320neo stands out as the world’s best-selling short and medium-haul aircraft type, offering a remarkable 15% reduction in fuel burn and CO2 emissions compared to previous technology aircraft. Avolon’s current leasing portfolio with Flynas comprises a total of 11 aircraft, including six A320neos, three A320ceos, and two A330-300s.
Flynas, with this recent addition, now boasts a fleet of 54 aircraft, with a significant portion comprising the fuel-efficient A320neo. This fleet expansion supports Flynas’s robust operations, encompassing over 1,500 flights per week to more than 70 destinations.