Dublin-based Avolon, the world's second-biggest aircraft leasing company, said today it has agreed to lease 13 Airbus planes from its orderbook to Etihad Airways.
The transaction, announced today at the Dubai Airshow, includes nine A330neos and four A320neo aircraft.
Etihad has also placed a direct order with Airbus for six additional A330neos, complementing the nine aircraft leased from Avolon and bringing its total A330neo fleet to 15 aircraft.
The new planes from Avolon's orderbook are due for delivery in 2027 and 2028,
Etihad had 115 planes in its operating fleet as of November 17, with a network of over 100 destinations worldwide.
Andy Cronin, CEO of Avolon, said that Etihad's selection of the A330neo is a strong endorsement for the programme and reflects the high level of demand from airlines for widebody capacity.
"The scale of our orderbook, bolstered by our order for 75 A321neos and 15 A330neos in July, has enabled us to ensure Etihad has the capacity required for its expansion plans," Mr Cronin said.
"We are delighted to increase our exposure to a top-tier carrier like Etihad as the Middle East continues to expand as an aviation hub," he added.
Antonoaldo Neves, CEO of Etihad Airways, said that Avolon has been a valued partner in supporting the evolution of its fleet.
"These additional A330neo and A320neo family aircraft give us the flexibility and efficiency we need for the next phase of our growth," he said.
"The A330neo will play a key role in strengthening our medium-haul network, while the A320neo family supports our short-haul expansion and enhances connectivity through Abu Dhabi. We look forward to deepening our partnership with Avolon as we continue to build a modern, efficient fleet," he added.
