International aircraft leasing company Avolon said today that it has completed the delivery of its 100th Airbus A320neo.
The delivery to Cebu Pacific is the second A320neo delivery under a deal made earlier this year for the Philippines low-cost carrier to lease three new A320neos.
The third aircraft is scheduled to be delivered later this month after which Avolon will have 12 aircraft on lease with Cebu Pacific.
Avolon said today is on track to hit its target of its fleet comprising 75% new technology aircraft by 2025.
It has a significant order book pipeline for the A320neo family of aircraft with commitments to buy a further 184 of this aircraft type.
The A320neo delivers 20% fuel savings and CO2 reduction compared to previous-generation Airbus aircraft.
Paul Geaney, President and Chief Commercial Officer of Avolon, said that as one of the largest A320neo family aircraft customers, today's delivery marks an important milestone in its long-standing partnership with Airbus.
"We are also delighted to further strengthen our relationship with Cebu Pacific, supporting both the evolution of its fleet and sustainability objectives," Mr Geaney said.
"It is great to see our customers in Asia increasing their fleet size to meet the high demand for travel in the region," he added.
