Avolon, the Dublin-based, global aircraft leasing firm, has firmed up its contract for 15 A330neo aircraft. Avolon became one of the launch customers of the A330neo after signing its initial commitment in July 2014 at the Farnborough International Airshow.

“The A330neo is a sound investment for lessors, who like Avolon are focused on offering their customers the most modern, economic and comfortable aircraft,” said John Leahy, Airbus Chief Operating Officer, Customers. “The A330neo with its highly competitive economics, in addition to the already flawless credentials of today’s A330, is going to be a real hit with operators around the world in the medium range segment.”

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.