Avolon has placed firm orders for 250 new-generation aircraft — 140 Boeing 737 MAX jets and 110 Airbus aircraft spanning the A320neo and A330neo families — in deals that will push the lessor’s total firm commitments to 749 aircraft once finalized.
The Airbus portion breaks down to 75 A320neo family aircraft and 35 A330neo family jets, with options for an additional 100 Airbus aircraft attached to the deal. The Boeing agreement carries no options disclosed in the announcement.
Both agreements remain subject to shareholder approval from Bohai Leasing Co., Ltd., which holds a 70% stake in Avolon. The company expects that approval before the end of October 2026.
On a pro forma basis including the new orders, Avolon’s owned, managed, and committed fleet would rise from its current 1,092 aircraft to 1,342.
The announcement came packaged with Avolon’s third-quarter 2026 business update. During Q3, the company acquired 10 aircraft, sold 29, and had a further 112 agreed for sale at quarter-end. Avolon placed 28 new-generation aircraft from its existing commitments and executed 84 lease agreements, extensions, and amendments over the period. By September 30, 89% of its committed fleet was placed for the next 24 months.
Avolon CEO Andy Cronin said demand for new-generation aircraft remained strong, noting that the Airbus and Boeing agreements strengthen the company’s long-term delivery pipeline.
On the financing side, Avolon established a $1.5 billion commercial paper program and closed an $855 million unsecured term loan with a syndicate of primarily Asian banks — both moves aimed at supporting capital commitments that extend across multiple delivery years.
For crew, the practical read is downstream. Avolon works with 138 airlines in 62 countries. A lessor pipeline this size shapes which airframes carriers can access when planning fleet transitions without large upfront capital outlays. Orders of this scale typically translate into new-generation equipment entering airline fleets over a multi-year window — which means cockpit and cabin transitions, type ratings, and updated MELs for the operators that eventually take delivery of leased aircraft from this book.
