Image: Airbus Industries 

Dublin based aircraft lessor Avolon Leasing and Management Services today announced confirmed an order for 20 Airbus A320neo aircraft in December 2012 increasing on the intial MOU signed at the Farnborough International Airshow in July 2012 for 15 aircraft, in deal valued at $1.9 Billion at list price, the company will make its engine selection at a later date.

Avolon Chief Commercial Officer & President John Higgins said “Our increased commitment to the NEO reflects the strong customer feedback we have received since our original announcement for 15 NEO aircraft in July 2012, we are confident that our customers will be satisfied with the economic and environmental benefits the NEO promises to deliver “.

Airbus Chief Operating Officer Customer John Leahy said “When a dynamic lessor such as Avolon decides to order more of our aircraft than originally planned, it’s a clear recognition of the excellent value our products deliver, we are confident that the A320neo Family, which offers the best economics of any single aisle aircraft, will be the backbone of leasing companies’ portfolios for the years to come “.

The Airbus A320neo family is a series of enhanced versions of the A320 family under development by Airbus. The letters “neo” stand for “New Engine Option”. The main change is the use of larger and more efficient engines which is predicted to result in 15% less fuel consumption, 8% lower operating costs, less noise production and a reduction of nitrogen oxide (NOx) emissions by at least 10% compared to the A320 series according to Airbus.


Irish Aviation Research Institute © 10th January 2013 All Rights Reserved.