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Avolon increases initial A320neo commitment by signing firm order for 20 A320neos

11-Jan-2013 10:49 AM

Avolon confirmed (10-Jan-2013) an order for 20 A320neo aircraft in Dec-2012. This firm order is an increase on Avolon’s initial commitment for 15 A320neo aircraft announced in Ju-2012 at the Farnborough International Airshow. Avolon will make its engine selection at a later date. Avolon president and CCO John Higgins commented, “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. Maintaining a forward order book of highly fuel-efficient, new generation aircraft is a natural complement to our extensive sale and leaseback and other financing capabilities and maintains our position as a premier, full-service aircraft lessor.” Airbus COO customers 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.” [more - original PR - Airbus] [more - original PR - Avolon]