IX - Avolon partly owned by ORIX will order 20 Airbus A330neo aircraft

2023-06-21 06:14:47 ET

Avolon, partly owned by ORIX ( NYSE: IX ) to order 20 Airbus A330neo aircraft.

The new aircraft are scheduled to be delivered between 2026 and 2028.

This agreement will also see 50 A320neo aircraft Avolon has on order with Airbus converted to the larger A321neo model.

Avolon was a launch customer for the A330neo programme in 2014 and has fully placed its current widebody order book.

Andy Cronin, CEO of Avolon, commented: “We have been a strong supporter of the A330neo programme since its launch and, with our existing widebody orderbook fully placed, we are now locking in future growth in a supply constrained environment. Our expanded delivery pipeline allows us to offer our customers the A330neo’s range and reduced emissions, supporting their evolving fleet needs. Our recent aircraft orders and commitments reflect our confidence in the long-term growth trajectory of the aviation sector, which is outlined in our recent World Fleet Forecast projecting that the global passenger fleet will almost double by 2042.”

For further details see: