Avolon Orders 310 New Engines to Power A320neo Family Aircraft
2024年7月23日 - 10:30PM
ビジネスワイヤ(英語)
- 160 engines ordered from Pratt & Whitney and 150 from
CFM International
- Engine order valued at over US$5 billion at current list
prices
- Options to purchase 310 further engines
Avolon, a leading global aviation finance company, announces
orders for 310 new engines to power 155 Airbus A320neo family
aircraft in its order book. Avolon has ordered 160 GTF engines from
Pratt & Whitney, and 150 LEAP-1A engines from CFM
International.
The combined orders, announced today at the Farnborough Airshow,
are valued at over US$5 billion at current list prices. The
agreement also includes options to purchase a further 160 Pratt
& Whitney engines and 150 CFM International engines. The orders
represent Avolon’s largest ever engine commitment.
Both engine types help to lower carbon emissions by delivering
at least 15% reduced fuel consumption compared to previous
generation engine technology, and also reduced noise levels.
Transitioning the global fleet to new technology aircraft is the
biggest near-term action that can be taken to reduce aviation
emissions, and Avolon is committed to a target of having over 75%
of its fleet comprising the youngest, most fuel-efficient aircraft
by the end of 2025. Beyond its 2025 target, the evolution of its
fleet will be supported by deliveries of the A320 neo family
aircraft out to 2032 that these engines will power.
Avolon currently has 115 A320neo family aircraft in its
delivered and managed fleet, of which 39 are powered by Pratt &
Whitney engines and 76 by CFM International engines. Following its
order for 100 A321neo aircraft in December 2023, Avolon now has an
orderbook of 279 A320neo family aircraft.
Andy Cronin, CEO Avolon, commented: “These engines will
power our orderbook of A320neo family aircraft and put us in an
excellent position to service our customers’ narrowbody
requirements out to 2030 and beyond. Engine innovation has been one
of the key tools to lower emissions and support the industry’s
decarbonisation journey. We are delighted to be working with both
Pratt & Whitney and CFM International, and excited about
leveraging their engines to support the transition of our fleet to
more fuel-efficient technology.”
About Avolon
Avolon is a leading global aviation finance company connecting
capital with customers to drive the transformation of aviation and
the economic and social benefits of global travel. We pride
ourselves on our deep customer relationships, our collaborative
team approach, and our fast execution. We invest with a long-term
perspective, diversifying risk and managing capital efficiently to
maintain our strong balance sheet. Working with 142 airlines in 63
countries, Avolon has an owned, managed, and committed fleet of
1,029 aircraft, as of 30 June 2024. www.avolon.aero
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version on businesswire.com: https://www.businesswire.com/news/home/20240723063571/en/
David Breen / Joe Brennan Avolon Investor Relations
ir@avolon.aero T: +353 1 231 5800
Douglas Keatinge Avolon Head of Communications
dkeatinge@avolon.aero T: +353 86 037 416