Avolon commits to 15 A320neo aircraft

Avolon, the international leasing company headquartered in Ireland, today announced a Memorandum of Understanding (MoU) for 15 A320neo aircraft at the 2012 Farnborough International Airshow. Avolon becomes a new customer for the A320neo, underlining the strong success of this latest generation aircraft with leasing companies. Avolon will make its engine selection later.

This commitment follows a firm order for eight current generation A320s made in December 2010 and brings Avolon’s total orders for Airbus single-aisle aircraft to 23.

John Higgins, Avolon President and Chief Commercial Officer commented: “Today’s commitment with Airbus for 15 A320neo aircraft reflects our ambition to play a leading role in financing the next generation of aircraft for the world’s airlines. We are seeing great interest in the superior performance metrics and fuel economy that the neo promises. We are also delighted to strengthen our relationship with Airbus.”

“Avolon`s vision to concentrate on productive, fuel-efficient aircraft represents the market needs of tomorrow,” said John Leahy, Airbus Chief Operating Officer, Customers. “The A320neo will allow Avolon to offer all the benefits of advanced technology to the aviation market.”

Source: Airbus, an EADS N.V. company (Paris: EAD.PA)
Date: Jul 12, 2012