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Leasing Companies Order NEO's from Airbus in a Big Way
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Jul 18, 2014 -

Hong Kong Aviation Capital orders 70 A320neo Family aircraft - 

Hong Kong Aviation Capital (HKAC), a fast growing aircraft leasing company based in Hong Kong, has signed a firm order with Airbus for a total of 70 A320neo Family aircraft (40 A320neo and 30 A321neo)

Hong Kong Aviation Capital (HKAC), a fast growing aircraft leasing company based in Hong Kong, has signed a firm order with Airbus for a total of 70 A320neo Family aircraft (40 A320neo and 30 A321neo)

The contract was finalised at the 2014 Farnborough Airshow by Donal Boylan, CEO of HKAC and John Leahy, Airbus Chief Operating Officer, Customers. The agreement follows the Memorandum of Understanding (MoU) signed at the 2013 Paris Air Show.

“We are pleased to have finalised the order for 70 A320neo Family aircraft with Airbus. The green credentials of the NEO is one of the key factors for us to choose the aircraft and through reduced fuel burn and emissions, HKAC will enable its airline clients to reduce operating cost while improving their environment impact,” said Donal Boylan, CEO of HKAC. “In addition, the A321neo will enable operators to deliver reduced operating cost per seat, and better compete where airport slots are restricted,” added Donal Boylan.

“We are delighted to welcome Hong Kong Aviation Capital as a new customer for the NEO. It demonstrates the continuing confidence of the market in the world’s most popular and efficient single-aisle aircraft. The A320neo Family is a valuable and profitable asset for lessors and operators”, said John Leahy, Chief Operating Officer, Customers.

The agreement will be submitted for confirmation of HKAC's majority shareholder, Bohai leasing. HKAC currently has a portfolio of over 50 single and twin aisle Airbus aircraft. It provides financing leasing services to several airlines in Asia and worldwide. This is HKAC's first direct order with any aircraft manufacturer. 

The A320neo “new engine option” incorporates many innovations, including latest generation engines and large Sharklet wing-tip devices, which together deliver 15 percent in fuel savings and a reduction of 3,600 tonnes of CO2 per aircraft per year. With more than 3,000 orders received from more than 57 customers since its launch in 2010, the A320neo Family has captured some 60 percent of the market, clearly demonstrating its leadership. 

Air Mauritius orders six A350 XWB -

A350 key to modernising Air Mauritius’ all Airbus long-haul fleet

Air Mauritius, the flag carrier of Mauritius has decided to expand and modernise its long-haul fleet with a Memorandum of Understanding for four A350-900 aircraft. The agreement was announced during the Farnborough International Airshow 2014. The airline has also announced that it is leasing two more A350-900s. The 6 A350 XWB will be operated on European, Asian and Australian routes.

Air Mauritius, voted the leading airline in the Indian Ocean at the World Travel Awards for the last last nine years and recently awarded a 4-STAR Skytrax rating, currently operates ten Airbus aircraft including two A330-200s and two A319s.

 “The A350 XWB combined with the A330 suits Air Mauritius’ entire long-range network and will be key to modernising our fleet while significantly reducing our operational costs and environmental footprint. It is the game-changer we were looking for,” said Andries Viljoen, Air Mauritius’ Chief Executive Officer. “These highly comfortable and fuel-efficient aircraft will fit nicely into our existing Airbus fleet, and our passengers will be able to enjoy seamless service and comfort levels throughout our entire product range.”

“We are honoured that Air Mauritius, a long-standing customer for 20 years, is ordering more Airbus aircraft,” said Fabrice Brégier, Airbus President and CEO. “The fleet commonality unique to Airbus will maximise operational efficiency for the airline, and passengers will benefit from unmatched comfort levels on the world’s most modern aircraft.”

The A350 XWB is Airbus’ all-new mid-size long-range product line comprising three versions offering from 276 to 369 seats. The A350 XWB stands out in its class thanks to its combination of passenger comfort, technological innovation and its unique industrial process. Built hand-in-hand with our customers, the A350 XWB sets new standards in terms of passenger experience, operational efficiency and cost-effectiveness. At the end of June 2014, the A350 XWB had won 742 orders from 38 customers worldwide.

AirAsia X to order 50 A330neo -

Launch customer for new version of best-selling widebody

AirAsia X, the long haul affiliate of Asia’s largest low cost airline, has signed a Memorandum of Understand (MOU) with Airbus for 50 A330-900neo aircraft. The agreement sees the airline become a launch customer for the latest version of the best-selling widebody. AirAsia X will also be one of the first operators of the aircraft, with deliveries to the carrier scheduled to begin in 2018.

The agreement was signed at the Farnborough Airshow in the UK by Azran Osman-Rani, CEO of AirAsia X and Fabrice Brégier, President and CEO, Airbus, and was witnessed by Tan Sri Tony Fernandes, Co-founder and Director of AirAsia X, Tan Sri Rafidah Aziz, Chairman of AirAsia X Berhad and John Leahy, Airbus Chief Operating Officer, Customers

“We have been encouraging Airbus to launch this new version of the A330 for some time now,” said Tan Sri Tony Fernandes, Co-Founder and Director of AirAsia X. ”I am pleased that they are offering this choice and bringing us the aircraft we truly need to develop further our low cost long haul model. We are 100% sure that the A330neo will be quite unbeatable in its size category and we look forward to enabling more people to fly further more often aboard this great aircraft.”

“AirAsia X is the pioneer of successful low cost long haul travel,” said Fabrice Brégier, Airbus President and CEO. “The confidence that Tony and his team have placed in the A330neo is therefore a clear endorsement of the step change we are bringing to the market in this size category. Reduced fuel consumption, extended long range capability and competitive acquisition costs will make the A330neo a true game changer and we are proud that AirAsia X will be among the first airlines to fly the aircraft.”

The latest MOU from AirAsia X further consolidates the position of the AirAsia Group as one of Airbus’s largest airline customers in the world. In total the Group has ordered 536 Airbus aircraft, excluding today’s MOU.

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.

Avolon signs commitment for 15 A330neo aircraft -

Becomes launch customer for the new Airbus Widebody aircraft

Avolon, the Dublin-based, global aircraft leasing firm, has announced a Memorandum of Understanding (MoU) for 15 of Airbus’ newly launched A330neo aircraft. Avolon becomes a launch customer for the A330neo. The commitment was signed at the Farnborough International Airshow 2014 by Dómhnal Slattery, Avolon CEO, John Higgins, Avolon President and Chief Commercial Officer and Fabrice Brégier, Airbus President and CEO. 

“Our latest order for 15 Airbus A330neo aircraft reflects our ongoing commitment to provide the world’s airlines with the next generation of fuel efficient aircraft. Today’s order represents an additional investment in the neo range of aircraft which follows our previous commitment to the A320neo. We have already experienced great interest from customers in the A320neo range due to the expected high performance and fuel efficiency of the aircraft," said Dómhnal Slattery, Avolon CEO.

John Higgins, Avolon President and Chief Commercial Officer added: "We are delighted to be a launch customer for this innovative, high performance aircraft. This A330neo order complements our ongoing sale and leaseback and fleet financing activity in both the A330 and A320 families and further strengthens our product offering, which now incorporates both narrowbody and widebody neo aircraft delivering from 2018 onwards.”

 “We are delighted to welcome Avolon among our first customers to select the A330neo,” said Fabrice Brégier, Airbus President and CEO. “Based on the successful A320neo model, the A330neo offers the latest in fuel saving technologies combined with the best-in-class comfort, reliability and operational efficiency of the A330, making it an ideal choice for Avolon to grow their portfolio with the world’s most cost-efficient, medium-range Widebody aircraft.”

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the excellent economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.

CIT commits to order 15 A330neo and 5 A321ceo aircraft -

CIT Group Inc., a global leader in transportation finance announced a commitment to order 15 A330-900neo aircraft and five A321ceo aircraft, becoming a launch customer for the new A330neo. The Memorandums of Understanding (MoU) were signed at the 2014 Farnborough International Airshow by Jeff Knittel, President of CIT Transportation & International Finance and Fabrice Brégier, Airbus President & CEO. CIT will announce its engines selection for the A321 aircraft at a later date.

“As one of the largest aircraft lessors in the world, we are pleased to be able to once again partner with Airbus on the newest variant of the A330, as well as their A320 Programme,” said Jeff Knittel, President of CIT Transportation & International Finance. “These new aircraft will allow CIT to maintain one of the youngest and most technologically advanced fleets in the industry, while providing fuel efficient aircraft solutions to our customers through a range of sizes and categories of aircraft.”

“We are delighted to see CIT, one of the largest aircraft lessors in the world, stepping up to become one of the first customers for our recently launched A330neo. This is a strong guarantee that our newest, most cost-efficient, medium range Widebody aircraft is set to become yet another Airbus best-seller,” said Fabrice Brégier, Airbus President and CEO. “CITs continuing appetite for our highly competitive largest single-aisle model, the A321, is evidence that the market is growing and is looking for increased capacity, productivity and the best standard of cabin comfort, all key attributes of the best-selling A320 Family.”

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and of course all the operational commonality advantages of the Airbus Family.

The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.  The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.

BOC Aviation orders an additional 43 A320 Family aircraft - 

Confirms A320 Family continues to be favourite with lessors worldwide

BOC Aviation, the Singapore-based aircraft leasing subsidiary of Bank of China, has announced an order for an additional 43 A320 Family aircraft, comprising seven A320neo Family aircraft and 36 A320ceo aircraft across A320 and A321 variants, at the Farnborough International Airshow 2014. The announcement was made by Robert Martin, BOC Aviation’s Managing Director and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO. The first eight A320ceo aircraft powered by engines from IAE have been placed. Engine decisions for the rest of the fleet will follow.

“Following our order of 38 A320ceo aircraft in the last 18 months, all of which are now placed, we are seeing additional demand for both A320ceo’s and NEOs,” said Robert Martin, BOC Aviation’s Managing Director and Chief Executive Officer. “By adding this order to our pipeline for the next five years, we are confident at meeting the needs of airlines which are expanding or replacing older fleets.”

“It’s great to see one of the world’s leading lessors, BOC Aviation, based in the fast growing Asian market, continuing to invest in our market leading A320 Family,” said Fabrice Brégier, Airbus President and CEO. “This tells us that not only are our aircraft universally recognised as the industry’s benchmark for efficiency, comfort and reliability but also underlines the financial community’s confidence in the A320 Family as a sound financial asset.” 

Including this latest purchase agreement, BOC Aviation’s cumulative orders for new Airbus aircraft have reached 255, as of  June 30th  2014, 142 of these have already been delivered, and another 55 committed to lease.

As of June 30th 2014, BOC Aviation’s fleet of 251 aircraft includes 109 Airbus aircraft operated by 27 airlines. There are 98 A320 Family aircraft in the fleet.

The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.  The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.

SMBC Aviation Capital orders 115 A320 Family aircraft -

Lessors strengthens portfolio with world’s fastest selling aircraft

SMBC Aviation Capital, one of the world’s largest aircraft leasing companies, has signed a major firm order for 115 A320 Family aircraft (110 A320neo, five A320ceo). The contract was announced today at the Farnborough International Airshow 2014, by Peter Barrett, SMBC Aviation Capital, CEO, Fabrice Brégier, Airbus President & CEO and John Leahy, Airbus Chief Operating Officer, Customers.

This new order is the industry’s largest ever single firm order by a worldwide leasing company for single-aisle aircraft.  With these new planes, SMBC Aviation Capital’s total orders for Airbus aircraft rise to 206 A320 Family aircraft. SMBC Aviation Capital will announce its engines selection at a later date.

“This is a landmark order for SMBC Aviation Capital and indeed for the wider aircraft leasing industry, and I am delighted to be continuing the close and long-standing relationship that our business enjoys with Airbus”, said Peter Barrett, CEO, SMBC Aviation Capital. “The A320 family has played a crucial role in SMBC Aviation Capital’s success to-date, and this order should be taken as a clear sign both of our commitment to the new generation of single-aisle aircraft as well as our ambitious plans to grow our business. The A320neo programme is progressing well, and we believe that the timing and structure of the order that we have placed will complement the specific needs and requirements of our customer base. This order, together with the company’s global presence, operational expertise, robust shareholder structure and world-class team, mean that SMBC Aviation Capital is extremely well placed to continue delivering sustainable long-term growth.”

“Today’s announcement with SMBC Aviation Capital is another shining example of the excellent relationships Airbus has and is continuing to develop in Japan, where our supplier base is continually growing,” said John Leahy, Airbus Chief Operating Officer, Customers. “When a leading leasing company like SMBC Aviation Capital places a significant order for more of our market leading A320 Family aircraft, it’s clear confirmation that the A320 Family, including our newest model, the A320neo, is the best solution for airlines that are looking to grow their business profitably and offer their customers the industry’s best travel experience on short to medium haul missions.”

The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.  The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.

AerCap firms up order for 50 A320neo Family aircraft -

Strong appeal of fuel-efficient A320neo continues to attract lessors worldwide

AerCap, the industry leading lessor headquartered in Amsterdam, the Netherlands, has firmed up an order for 50 additional A320neo Family aircraft at the Farnborough International Airshow 2014. The contract, AerCap’s first major aircraft order following the acquisition of ILFC earlier this year, was signed by Philip Scruggs, AerCap’s President & Chief Commercial Officer and Fabrice Brégier, Airbus President and CEO. AerCap will announce its engine selection in due course.

Including today’s order for 50 A320neo aircraft, AerCap’s total order of A320neo aircraft rises to 200 and its total orders of Airbus aircraft rises to 945. Following the lessor’s acquisition of ILFC, AerCap becomes Airbus’ largest customer overall, both in number and value of aircraft purchased.

AerCap’s CEO Aengus Kelly said: “The A320neo family is proving to be enormously successful. AerCap has already placed 48 A320neo aircraft under lease agreement or letter of intent, so our decision to firm up for 50 additional A320neo Family aircraft is a natural extension of our fleet strategy.”

“We are honoured that AerCap has selected our popular A320neo for its first major aircraft investment since the acquisition of ILFC earlier this year,” said Fabrice Brégier, Airbus President & CEO. “It’s always great news when our valued customers come back for more of our aircraft and is clear confirmation that our products are satisfying operators’ needs thanks to the A320neo’s best-in-class cabin comfort, unbeatable economics and excellent operational reliability.”

The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.  The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.

Air Lease Corporation signs for 25 A330neo and 60 A321neo - 

Leading lessor announces first commitment for A330neo

Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has announced a Memorandum of Understanding (MoU) for 25Leading lessor announces first commitment for A330neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contact was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.

“The recently launched A330neo is a well-suited addition to ALC’s fleet as we continue to provide our customers with the most modern, fuel efficient aircraft on the market,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The A330neo, like the A320neo Family, will have success in the medium range segment due to its combination of high reliability, exceptional comfort and low operating costs. We see a significant market opportunity for the A330neo and we’re pleased that the first order bears ALC’s name. The A321neo credentials, such as its lower fuel-burn, high reliability and wider, more comfortable cabin, also fit well in our product portfolio of innovative, profitable aircraft.”

“When a leading lessor, ALC, is the first to sign up for a new aircraft, it’s a loud and clear signal that you’ve got it right. This significant order is a strong endorsement of both our A330neo and A320neo, confirming they fully meet the needs of the world’s most demanding airlines,” said Fabrice Brégier, Airbus President and CEO. “The continuing success of the A320neo, paves the way for the A330neo and proves that our incremental innovation strategy to deliver reliable, innovative and efficient products at the right time, is what the market wants.”

Including today’s order, ALC’s total orders and commitments for Airbus aircraft reaches 225, of which 200 are firm orders (50 A320ceo Family, 110 A320neo Family, 15 A330 Family, 25 A350 XWB Family) plus the MoU for 25 A330neo’s. ALC will announce engine selections for the 60 A321neo aircraft at a later date.

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of around 300 nautical miles and of course all the operational commonality advantages of the Airbus Family.

The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.  The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.

IAG orders 20 A320neo Family aircraft -

Aircraft are intended for operation by British Airways

International Airlines Group (IAG) has converted 20 A320neo options into a firm order for the world’s most popular single aisle aircraft Family. These aircraft are currently intended to replace 21 shorthaul British Airways’ aircraft.

British Airways already operates 120 Airbus single aisle aircraft covering the full Family range from the smallest A318 to the largest A321.

“IAG’s’ selection of the A320neo Family for its single aisle fleet is a significant win for Airbus. It is with great pride that one of our biggest and most influential customers recognise the superior operating economics and passenger appeal of the A320neo Family,” said John Leahy, Chief Operating Officer, Customers. “This order strengthens the A320neo Family as the single aisle aircraft of choice for the world’s leading airlines.”

The market leading A320 Family has the widest cabin of any single aisle aircraft for added passenger comfort and the neo adds productivity, 15 percent fuel savings and up to 950km added range.

The order by IAG sustains several thousand aviation jobs throughout the UK, where the wings are designed and assembled. It also contributes some £40million to the UK economy.

In August 2013, IAG announced that, as part of a Vueling order for up to 120 Airbus A320 family aircraft, it had also secured 100 A320neo options.

The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its widest cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.

Source: Airbus









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