Avolon, a prominent global aviation finance company, has confirmed a binding agreement for the purchase of 20 new Airbus A330neo aircraft. This order formalizes a memorandum of understanding initially signed at the Paris Airshow in June 2023. The new aircraft are slated for delivery between 2025 and 2028. Avolon’s agreement with Airbus also includes a notable shift in its A320neo order. Specifically, 50 of the A320neo aircraft Avolon has on order will be converted to the larger A321neo model, reflecting the growing demand for this variant in the aviation industry.
Avolon holds the distinction of being a launch customer for the A330neo program since 2014. The company has been experiencing robust demand from customers for additional widebody aircraft, and this order comes as a strategic move to meet this demand. Notably, Avolon has fully placed its current order book, underlining the market’s appetite for these modern widebody aircraft.