Rendering of A330-900neo in CIT Aerospace livery
Avolon and CIT Aerospace each signed memorandums of understanding for 15 Airbus A330neos at the Farnborough Airshow Tuesday, making it a leasing company hat trick for the newly launched re-engined widebody.
On Monday, when Airbus announced program launch for the A330neo, US lessor Air Lease Corp. (ALC) signed an MOU for 25 -900 variants.
Tuesday, Dublin-based lessor Avolon announced an MOU for 15 A330neos with a list price value of $4.1 billion and deliveries scheduled to begin in 2018.
US lessor CIT Aerospace similarly signed an MOU for 15 -900 variants, for deliveries also to begin in 2018, as well as five A321ceos for deliveries to begin in 2015.
Avolon CEO Dómhnal Slattery said at a press conference that the current A330 is “the workhorse” in the Asia-Pacific. “There is no question that the sweet spot for the [A330] neo is Asia. We see huge potential in emerging city pairs and this airplane will fit that spot perfectly over the next 20 years,” he said.
The A330neo will enter service at the end of 2017 with a Rolls-Royce Trent 7000 engine, a derivative of the Trent 700 that powers the current A330.