Dublin-based Avolon, the world's second-biggest aircraft leasing company, has agreed to lease ten Airbus A321neos to AJet, the low-cost carrier subsidiary of Turkish Airlines.
The deal was agreed at the Paris Air Show, and the new aircraft are scheduled to be delivered in 2027.
AJet currently operates 92 aircraft flying to 100 destinations in Türkiye, the Middle East, Europe, North Africa and the Commonwealth of Independent States which includes Belarus, Armenia, Georgia, Azerbaijan, Kazakhstan,, Kyrgyzstan. Moldova, Russia and Tajikistan.
Avolon has a total of 140 A320neo aircraft in its delivered fleet, and 294 A320neo family aircraft in its orderbook.
These planes deliver 20% lower fuel burn, CO2 emissions and 50% noise reduction compared to previous-generation Airbus A320 aircraft.
Andy Cronin, Avolon CEO, the company's large A320neo family orderbook is in high demand from airlines who are looking to expand their route networks and renew their fleet with new technology aircraft.
"This positions us as a preferred partner for airlines and, coupled with our scale and balance sheet strength, will drive sustained growth for the business well into the next decade," he added.
Prof Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee, said the addition of these next-generation A321neo aircraft will support AJet's growth strategy while contributing to its sustainability goals with improved fuel efficiency and lower emissions.
