Irish aircraft leasing firm Avolon has placed a $1.9bn firm order with Airbus for 20 single-aisle A320neo aeroplanes.
The deal extends Avolon’s initial commitment to acquire 15 A320neo jets, which was announced at the UK’s Farnborough International Airshow in July 2012.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Avolon plans to choose the engine to power its A320neo jetliners at a later date.
Avolon president and chief commercial officer John Higgins said that the increased commitment to the Neo reflected the strong customer feedback the company has received since the original announcement for 15 Neo aircraft in July 2012.
Featuring large Sharklet wing-tip devices, the A320neo is scheduled to enter service in late 2015 and will accommodate up to 180 passengers.
A320neo will offer 15% fuel savings and a double digit reduction in NOx emissions, according to Airbus.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAirbus COO Customers John Leahy said: "We are confident that the A320neo family, which offers the best economics of any single aisle aircraft, will be the backbone of leasing companies’ portfolios for the years to come."
Airbus has received more than 1,600 firm orders for its A320neo jets, since its inception in 2010.
To date, the European aircraft manufacturer has logged around 8,900 orders for the A320 airliners, with 5,300 having been delivered to more than 380 customers and operators worldwide.
Meanwhile, Thai Smile, a subsidiary of Thai Airways, has signed a contract to use Airbus’s Flight Hour Services.
Under the 15-year Flight Hour Services Tailored Support Package (FHS-TSP) contract, Airbus will provide A320 line replaceable units (LRUs) and spare parts, LRU repairs, logistics services, tools availability, APU and nacelle services.
Image: Airbus has to date received 8,900 firm orders for A320 aeroplanes, with 5,300 having already been delivered. Photo: courtesy of Airbus SAS / Fixion.
