50 A320neos on order converted to larger A321neo model

Dublin | 5 September 2023: Avolon, a leading global aviation finance company, has signed a binding
agreement for its order of 20 new A330neo aircraft from Airbus. The order firms up a memorandum of
understanding signed at the Paris Airshow in June. The new aircraft are scheduled to be delivered
between 2025 and 2028.
Avolon was a launch customer for the A330neo programme in 2014 and is enjoying strong customer
demand for additional widebody aircraft having fully placed its current orderbook. With over 1,400
A330ceo aircraft in operation, airlines are considering options to upgrade to the A330neo aircraft, which
has an increased range of range of over 13,300km (7,200 nautical miles) and 25% lower fuel
consumption and CO2 emissions.
The agreement with Airbus also confirms that 50 of the A320neo aircraft Avolon has on order with
Airbus will convert to the larger A321neo model.

Andy Cronin, CEO of Avolon, commented:

“We see a high level of widebody demand within the delivery window for these aircraft. With our
existing widebody pipeline already placed, these new aircraft will support our future growth plans
and allow us to provide options for carriers looking to replace older A330ceo aircraft with the
more fuel efficient A330neo. The order builds on our strong relationship with Airbus as a launch
customer for the A330neo, and our position as the leading lessor for this aircraft type.”

Christian Scherer, Chief Commercial Officer and Head of International at Airbus commented:

“It’s fantastic to see Avolon once again commit additional investment in the A330neo aircraft
and lead the lessor market reordering widebody aircraft. Avolon’s vision and timing could not
be better with this commitment for a further 20 aircraft to its portfolio. Avolon will benefit from
the strong wave of growth and replacements that we currently observe across all markets, and
we welcome our continuing partnership with them.”

ENDS

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 collaborativeteam 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 149 airlines in 65 countries, Avolon has an owned, managed, and committed fleet of 875 aircraft, as of 30 June 2023. www.avolon.aero

About Airbus

Airbus pioneers sustainable aerospace for a safe and united world. The Company constantly innovates to provide the most efficient and technologically-advanced solutions in aerospace, defence, and connected services. In commercial aircraft, Airbus offers the most modern and fuel-efficient airliners. Airbus is also a European leader in defence and security and one of the world’s leading space businesses. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Source : Avolon