Farnborough, Dublin, Toulouse, Avolon, the international aircraft leasing company and Airbus today announce a commitment to acquire 15 Airbus A320neo aircraft. The latest order brings Avolon’s committed fleet to 150 aircraft.

The fifteen Airbus A320neo aircraft valued at US$1.4 billion at list prices. Committed fleet, excluding recent commitments, valued at US$4.9 billion, now stands at 150 aircraft 

Avolon is owned by  the Government of Singapore Investment Corporation, three private equity funds firms CVC Capital Partners, Cinven and Oak Hill Capital Partners.

John Higgins, Avolon president and chief commercial officer said, “Today’s commitment with Airbus for 15 A320neo aircraft reflects our ambition to play a leading role in financing the next generation of aircraft for the world’s airlines. We are seeing great interest in the superior  performance metrics and fuel economy that the neo promises. As a full-service aircraft lessor, maintaining a forward order book of new generation aircraft, coupled with our sale and leaseback and other financing capabilities, is central to our service offering and balances portfolio risk.

"We are delighted to strengthen our relationship with Airbus as we continue to expand our customer base and add new, high-performance aircraft models with strong value retention capabilities, such as the neo, to our fleet.”

John Leahy, Airbus chief operating officer - customers, commented, “Avolon’s vision to concentrate on productive, fuel-efficient aircraft represents the market needs of tomorrow.The A320neo will allow Avolon to offer all the benefits of advanced technology to the aviation market.”