Dublin | 8 December 2025: Avolon, a leading global aviation finance company, has delivered the 50^th  aircraft in South America’s low-cost carrier JetSMART’s fleet. The A321neo is the final delivery of four A320neo family aircraft from Avolon to JetSMART.

The four aircraft on lease from Avolon will support the replacement and growth needs of JetSMART’s current narrowbody fleet. JetSMART flies to over 50 destinations from its hubs in Chile, Argentina, Peru and Colombia. Passenger demand in the Latin America and Caribbean region was up 7.2% year to date in October, according to IATA.

The A320neo delivers 20% lower fuel burn and CO2 emissions compared to previous generation single-aisle aircraft, and 50% noise reduction. Avolon had 347 A320neo family aircraft on order as of 30 September 2025.

Paul Geaney, President and Chief Commercial Officer of Avolon, commented:

“We are excited to share this milestone with JetSmart and celebrate their phenomenal growth story since their launch in 2016. The four aircraft we are leasing will support JetSMART’s growth strategy to better connect Latin America, one of the world’s fastest growing aviation markets. With our large orderbook, we are well-placed to support our airline customers growth plans and refleeting needs into the next decade.”

Estuardo Ortiz, CEO of JetSMART, commented:

“This delivery marks a significant milestone in our journey, and our growth reflects the strength of our long-term vision for the business. The addition of these new-technology aircraft enhances our operational efficiency and gives us the flexibility to expand our network, delivering low-fare travel to passengers across South America. We look forward to continuing to expand our partnership with Avolon to support our future growth and further strengthen our position as one of South America’s leading low-cost carriers.”

Source: Avolon Head of Communications