Leasing firm Avolon orders 250 aircraft
The aircraft orders will strengthen Avolon's ability to meet airlines’ future fleet needs as they renew and expand their fleets with the most fuel-efficient aircraft available.
Aircraft leasing firm Avolon has placed an order for 250 planes, marking strong demand for modern, fuel-efficient models. The order includes 140 Boeing 737 MAX family aircraft, the latest generation of the company's single-aisle, medium-haul aircraft. Airbus accounted for 110 planes in the order, with 75 being A320neo family aircraft and 35 A330neo family aircraft for longer routes.
Avolon's chief executive, Andy Cronin, attributed the surge in demand to the company's placement and trading activity. The company has also taken options on an additional 100 Airbus aircraft, pending approval from its majority shareholder, China's Bohai Leasing, expected by month-end. As of last month, Avolon's fleet consisted of 1,092 aircraft owned or managed, leased to 138 airlines in 62 countries.
Leasing firms like Avolon aid airlines in acquiring aircraft for short-term needs or expansion without large upfront investments.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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