Avolon signs commitment for 15 A330neo aircraft

Becomes launch customer for the new Airbus Widebody aircraft

15 July 2014 Press Release

Avolon, the Dublin-based, global aircraft leasing firm, has announced a Memorandum of Understanding (MoU) for 15 of Airbus’ newly launched A330neo aircraft. Avolon becomes a launch customer for the A330neo. The commitment was signed today at the Farnborough International Airshow 2014 by Dómhnal Slattery, Avolon CEO, John Higgins, Avolon President and Chief Commercial Officer and Fabrice Brégier, Airbus President and CEO. 

“Our latest order for 15 Airbus A330neo aircraft reflects our ongoing commitment to provide the world’s airlines with the next generation of fuel efficient aircraft. Today’s order represents an additional investment in the neo range of aircraft which follows our previous commitment to the A320neo. We have already experienced great interest from customers in the A320neo range due to the expected high performance and fuel efficiency of the aircraft," said Dómhnal Slattery, Avolon CEO.

John Higgins, Avolon President and Chief Commercial Officer added: "We are delighted to be a launch customer for this innovative, high performance aircraft. This A330neo order complements our ongoing sale and leaseback and fleet financing activity in both the A330 and A320 families and further strengthens our product offering, which now incorporates both narrowbody and widebody neo aircraft delivering from 2018 onwards.”

 “We are delighted to welcome Avolon among our first customers to select the A330neo,” said Fabrice Brégier, Airbus President and CEO. “Based on the successful A320neo model, the A330neo offers the latest in fuel saving technologies combined with the best-in-class comfort, reliability and operational efficiency of the A330, making it an ideal choice for Avolon to grow their portfolio with the world’s most cost-efficient, medium-range Widebody aircraft.”

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the excellent economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.