Avolon increases initial NEO commitment by signing firm order for 20 aircraft

Avolon, the international leasing company confirmed an order for 20 A320neo aircraft. This firm order is an increase on Avolon’s initial commitment for 15 A320neo aircraft announced in July 2012 at the Farnborough International Airshow. Avolon will make its engine selection at a later date. “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,” John Higgins, Avolon President and Chief Commercial Officer commented. “We are confident that our customers will be satisfied with the economic and environmental benefits the NEO promises to deliver.”