Aviation lessor Avolon has announced an order with Airbus for 75 A321neo aircraft and 15 A330neo aircraft. The new aircraft are scheduled to be delivered out to 2033.

The order increases the lessor’s Airbus commitments to 413 aircraft, comprising exclusively of A320neo family and A330neo. The order includes purchase rights in respect of a further 25 A321neos, and options to purchase a further 15 A330neos.

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Andy Cronin, Avolon CEO, commented: “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.”

Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft, commented: “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.”

This is a firm aircraft order subject to approval by shareholders of Bohai Leasing Co., Ltd., Avolon’s 70% shareholder, which is anticipated before the end of next month.