Aircraft leasing company Avolon today said it had signed a binding agreement to purchase 20 Airbus A330neo widebody aircraft, firming up a memorandum of understanding signed at the Paris Airshow in June.
Avolon said in a statement that the deliveries would take place from 2025 to 2028.
It also confirmed that 50 of the narrowbody A320neo aircraft Avolon has on order with Airbus would convert to the larger A321neo model.
Avolon was a launch customer for the A330neo programme in 2014 and said it was enjoying strong customer demand for additional widebody aircraft having fully placed its current orderbook.
With over 1,400 A330ceo aircraft in operation, airlines are considering options to upgrade to the A330neo aircraft, which has an increased range of range of over 13,300km and 25% lower fuel consumption and CO2 emissions.
Andy Cronin, CEO of Avolon, said the company was seeing a high level of widebody demand within the delivery window for these aircraft.
"With our existing widebody pipeline already placed, these new aircraft will support our future growth plans and allow us to provide options for carriers looking to replace older A330ceo aircraft with the more fuel efficient A330neo," Mr Cronin said.
"The order builds on our strong relationship with Airbus as a launch customer for the A330neo, and our position as the leading lessor for this aircraft type," he added.
