Avolon Orders Eight Airbus A320s

Avolon, the aircraft leasing group, has placed a firm order with Airbus for eight A320 aircraft. The eight A320 aircraft will be equipped with the new fuel-saving Sharklets option.

Headquartered in Ireland, Avolon is rapidly emerging as one of the leading global players in the aircraft leasing sector. Leveraging off the strong financial backing of its owners and the extensive trading history of its management team, the primary asset focus of the business is on young fuel-efficient single-aisle aircraft such as the Airbus A320 family.

“This initial order for eight A320 aircraft, renowned for their efficiency and reliability, complements our existing portfolio and fully rounds out our product-offering,” said John Higgins, Avolon President and Chief Commercial Officer. “We look forward to working with Airbus as we continue to build the franchise and portfolio of our business.”

Offered as a forward-fit option, Sharklets are expected to result in at least 3.5% lower fuel burn over longer sectors. The A320 will be the first model fitted with Sharklets, which will be delivered around the end of 2012, to be followed by the other A320 Family models from 2013.

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