Avolon Increases Airbus Order

Avolon, an international leasing company has confirmed an order for 20 Airbus A320neo aircraft.

This firm order is an increase on Avolon’s initial commitment for 15 A320neo aircraft announced in July 2012 at the Farnborough International Airshow. Avolon has not yet unveiled its engine selection.

“Our increased commitment to the NEO reflects the strong customer feedback we have received since our original announcement for 15 NEO aircraft in July 2012. Maintaining a forward order book of highly fuel-efficient, new generation aircraft is a natural complement to our extensive sale and leaseback and other financing capabilities and maintains our position as a premier, full-service aircraft lessor,” said John Higgins, Avolon President and Chief Commercial Officer. “We are confident that our customers will be satisfied with the economic and environmental benefits the NEO promises to deliver.”

The A320neo is a new engine option for the A320 Family entering into service from 2015 and incorporates latest generation engines and large Sharklet wing tip devices, which Airbus says will together deliver 15% in fuel savings. The reduction in fuel burn is equivalent to 1.4 million litres of fuel - the consumption of 1,000 mid size cars, saving 3,600 tonnes of C02 per aircraft per year. The A320neo NOx emissions are 50% below CAEP/6, and this aircraft also has a considerably smaller noise footprint.

See: HD Videos from Farnborough Int. Airshow 2012