Avolon signs firm order for 100 Airbus A320 Family aircraft

Aircraft lessor, Avolon, has signed a firm order for 100 Airbus A320 Family aircraft in a deal worth $11.5 billion according to list prices and Avalon themselves.

The order consists of 75 A320neos and 25 A321neos, all of which without an engine selection, and takes Avolon’s total order with Airbus to 284 aircraft (240 single aisle and 44 widebody).

Chief Executive Officer of Avolon, Domhnal Slattery, reflected on the order in the following statement to media:

“Our order for 100 A320neo Family aircraft builds on our leading industry position and reflects our ambition to become the global leader in the sector.”

Continuing on, Slattery outlines the market state which led to the order:

“We continue to see robust demand from our customers for the A320neo Family globally. This is consistent with our own market research and global fleet forecast. This order affirms our belief in the medium-term market outlook and the strong growth prospects for our business and our shareholders.”

Avolon was quick to note to media their position within Airbus‘ backlog, stating they’re the largest lessor backlog customer, taking into account both widebody and narrowbody aircraft on order.

Jumping back to widebody aircraft, Avolon was present at the recent delivery of TAP Air Portugal’s first Airbus A330neo, and were joined by Rolls-Royce and, of course, Airbus. You can read about the delivery here.