Avolon commits to buy 15 Airbus A320neo aircraft
12-Jul-2012 Order valued at US$1.4 billion
Committed fleet now stands at 150 aircraft
Avolon, the international aircraft leasing company, and Airbus today announce a commitment to buy 15 Airbus A320neo aircraft. The latest order brings Avolon's committed fleet to 150 aircraft.
The 15 Airbus A320neo aircraft are valued at US$1.4 billion at current list prices.
Highlights
- Committed fleet, excluding recent commitments, valued at US$4.9 billion
- Committed fleet now stands at 150 aircraft
Avolon invests exclusively in modern, fuel-efficient aircraft with the ability to retain the highest residual values over the long-term. Having a forward delivery stream of high-quality new aircraft as a proportion of its portfolio complements Avolon's sale and leaseback and other financing capabilities and reflects Avolon's market positioning as a full-service aircraft lessor. Avolon's committed fleet now stands at 150 aircraft and is currently the youngest large lessor fleet in the world.
Avolon is owned by leading international investors: the Government of Singapore Investment Corporation, CVC Capital Partners, Cinven and Oak Hill Capital Partners.