Avolon Agrees to Lease 10 Airbus A321neos
The aircraft will support AJet's fleet renewal and network expansion strategy. AJet currently operates 92 aircraft flying to 100 destinations in Türkiye, the Middle East, Europe, North Africa and CIS.
Avolon has 140 A320neo family aircraft in its delivered fleet, and 294 A320neo family aircraft in its orderbook. These aircraft deliver 20% lower fuel burn, CO2 emissions and 50% noise reduction compared to previous-generation Airbus A320 aircraft.
Andy Cronin, Avolon CEO, commented:
'We are delighted to further strengthen our partnership with Turkish Airlines and support AJet's continued growth. Our 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.'
Prof Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee, commented:
'We are pleased to expand our partnership with Avolon through this latest agreement. The addition of these next-generation A321neo aircraft will support AJet's growth strategy while contributing to our sustainability goals with improved fuel efficiency and lower emissions. We look forward to continuing our cooperation as we expand AJet's network and enhance its fleet.'
About Avolon
Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 141 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,096 aircraft, as of 31 March 2025. www.avolon.aero.
About Turkish Airlines
Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 485 (passenger and cargo) aircraft flying to 353 worldwide destinations as 300 international and 53 domestics in 131 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.
About AJet
AJet is a Turkish Airlines brand established with an innovative approach to elevate the standards of affordable travel in low-cost air transportation by offering a high quality of service. Our brand promises a safe and comfortable flight experience to our guests with a fleet of young and eco-friendly aircraft, featuring a simple and spacious design. Additionally, as a digital airline, we plan to offer a time-saving service through user-friendly applications and a reservation system that allows our guests to complete their pre-flight procedures quickly and easily. For more information and the latest updates about AJet, you can visit or follow us on our social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
6 hours ago
- Bloomberg
Turkish Airlines to Acquire Minority Stake in Spain's Air Europa
Turkish Airlines is acquiring a minority stake in Spanish operator Air Europa involving an investment of €300 million ($349 million), showcasing the carrier's plans for growth. The Turkish flagship carrier said the acquisition would open new tourism markets in Latin America and increase the number of tourists coming to Turkey, according to an exchange filing late Tuesday. The exact percentage of the minority stake will be determined after technical and financial adjustments at the closing stage, it added. Their binding offer has been accepted and the purchase process is expected to take six months to a year.
Skift
a day ago
- Skift
Turkish Airlines Lets You Pay Extra for Green Jet Fuel, But Will It Help?
Turkish Airlines emailed customers last week with a new offer: the chance to support the development and production of sustainable aviation fuel, which the aviation sector believes is the key to decarbonizing air travel. The airline says the opt-in service can help reduce the environmental impact of a flight. 'With our new optional service launched to support the use of sustainable aviation fuel (SAF), we are taking a step together toward a lower-carbon future,' the airline wrote in the email. 'Take the first step toward sustainable flights and be part of the change.' The announcement came only weeks after the Turkish government revealed plans to require all airlines operating in and out of the country to use SAF
Business Insider
a day ago
- Business Insider
'Decades-Long Reign' Ending: Boeing Stock (NYSE:BA) Slides as Airbus Overtakes
Aerospace stock Boeing (BA) is a name to conjure with in the industry. It is one of the biggest names around in aircraft, but that primacy might be threatened by one of its biggest competitors in the space. Airbus (EADSY) just made a move that is about to shut down a record that Boeing has held for decades, and investors did not take the news well at all. In fact, Boeing shares lost over 2% in Monday afternoon's trading as a result. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Reports note that Airbus A320 deliveries are about to outpace Boeing 737 deliveries, which would make the Airbus A320 the '…world's most-delivered commercial jet.' Airbus has been routinely outpacing Boeing in deliveries, especially with the Federal Aviation Administration's (FAA) production cap still in place on Boeing's operations. And that gradual outpacing has built into a cumulative result that might make the former plucky competitor a major name in its own right. It certainly did not help matters for Boeing that the A320neo delivered on an exciting new proposition: an aircraft that was 20% more fuel efficient while also offering reduced fuel emissions against its Boeing counterpart. Throw in the lack of any large-scale disruption at Airbus, and the ability to quietly produce over a long period, and that was all Airbus needed to make a serious play for first place. A New Harpoon Thankfully, Boeing has more than just 737 aircraft going on, and Boeing made that point explosively clear recently with new tests on the redesigned Harpoon Block II Update anti-ship missile. This line of missiles has been in operation since 1977, reports note, and is still in use in aircraft, submarines, and surface-launched applications. New reports suggest that the improved Harpoon will offer '…a near-total redesign…' which includes '…new hardware, software, and fuel to improve performance and lethality.' Getting the Block II Update model up and running required multiple divisions—Boeing Test & Evaluation, Cruise Missile Systems, and more—to work together with the United States military to produce a new and powerful weapon that could be the cornerstone of Boeing's military operations. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 19 Buys and two Holds assigned in the past three months, as indicated by the graphic below. After a 29.56% rally in its share price over the past year, the average BA price target of $257.05 per share implies 9.14% upside potential. Disclosure
