Airbus secures 90 plane order worth billions of pounds
This is made up of 15 A330neo and 75 A321neo in a deal with more than £10bn at list prices. This brings Avolon's total Airbus orders to 79 A330neos and 264 A321neos.
Wings for the planes will be assembled at Airbus Broughton in North Wales.
Andy Cronin, Avolon CEO, said: 'This order demonstrates our strong confidence in the long-term demand for new aircraft. Our scale and balance sheet position us to support our airline customers' expansion and replacement needs into the next decade.
"Both the A321neo and A330neo are in high demand, and we expect this to continue given the long-term growth trajectory for the aviation sector. We are delighted to be expanding and extending our long-term partnership with Airbus with this order.' Sign up for the North Wales Live newsletter sent twice daily to your inbox
Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business, said: 'Lessors are excellent barometers of the aircraft market, and we are grateful to Avolon for expanding its commitment for the A320 Family and A330neo, so soon after an earlier order two years ago.
"This endorsement illustrates the strong attractiveness to a wide variety of customers of these two aircraft, the most efficient in their category with the latest technologies embedded, covering the market space from domestic to regional to long haul routes. We value this partnership which has helped open new markets and broaden the customer base for both aircraft types."
Powered by the latest generation Rolls-Royce Trent 7000 engines, the A330-900 has a range of 7,200nm / 13,300 km non-stop and reduces fuel burn, CO2 emissions and operating cost by 25% compared to the previous generation aircraft.
The A321neo is the largest member of Airbus' best-selling A320neo Family and brings a 50% noise reduction and more than 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft.
As with all in-production aircraft, the A330neo and A321neo are able to operate with up to 50% Sustainable Aviation Fuel (SAF), with a target to increase to up to 100% SAF capability by 2030.
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