
DUBLIN – Irish aircraft lessor Avolon has placed firm orders for 250 aircraft from Airbus and Boeing, the company said in its third-quarter update Friday.
The orders are for 140 Boeing 737 MAX aircraft and 110 Airbus airplanes, comprising 75 A320neo jets and 35 A330-900s. Avolon has also secured options for 100 additional Airbus aircraft, the company said.
No financial details were disclosed.
The orders increase Avolon’s total firm aircraft commitments to 749. They are subject to approval by shareholders of Bohai Leasing, which owns 70% of Avolon. The approval is expected before the end of October, the company said.
Avolon CEO Andy Cronin said the orders would strengthen the company’s delivery pipeline and help it meet customers’ fleet renewal and expansion needs. He said the company continued to see strong demand for aircraft, supported by its leasing and trading activity during the third quarter.

Airbus said in a news release the A330neo offers 25% lower fuel consumption, carbon dioxide emissions and operating costs than previous-generation competitor aircraft. The A320neo family delivers at least 20% lower fuel consumption and CO2 emissions than previous-generation single-aisle aircraft, it said.
During the third quarter, Avolon acquired 10 aircraft and sold 29, with a further 112 agreed for sale. It also placed 28 aircraft with lessees and executed 84 lease agreements, extensions and amendments, the update said.
Avolon is the world’s third-largest aircraft lessor, after AerCap and SMBC Aviation Capital. All three are headquartered in Dublin. No financial details of the aircraft orders were disclosed.



