Dublin-based aircraft leasing company Avolon has agreed a deal to lease five Airbus A330neos to South Korean low-cost carrier T'way Air.
T'way is an existing Avolon customer and becomes the 12th A330neo operator in Avolon's customer base.
The new aircraft will be delivered in 2026 and will support the airline's expansion of its international route network, which already operates to 55 destinations.
Compared to the previous generation, the A330neo has an increased range of over 13,300km as well as 25% lower fuel consumption and CO2 emissions.
Paul Geaney, President and Chief Commercial Officer of Avolon, said the T'way Air team is rapidly expanding its operations.
"The A330neo provides an ideal widebody solution to support their growth strategy. With the largest lessor committed fleet of 447 aircraft, we are well-placed to support our global customers as they look for capacity to meet the continuing high levels of travel demand," he added.
Hong Geun Jeong, Representative Director at T'way Air, said the airline has forged a strong relationship with Avolon and partnering on these new A330neos is an important next step in our growth ambitions.
"With 55 destinations and plans to expand our network the aircraft will help us in our mission to offer passengers exceptional service, reliability and value," he added.
