Avolon eyes opportunities in the Middle East and Asia

Twelve Airbus A320s and 14 Boeing 737-800 aircraft have been leased by the company to Middle East and Asian carriers, including five Boeing 737-800s to flydubai.

Above: A flydubai Boeing 737-800NG.

Avolon has re-affirmed its positive outlook for the industry within the region and its expected business expansion in the near term.John Higgins, Avolon President and Chief Commercial Officer,said: “Both Asia-Pacific and the Middle East are important markets for us and establishing ourselves as a leading lessor in these regions is one of our core business objectives. We have already made solid progress in developing our portfolio in the region and with in excess of 40% of future aircraft orders destined for this region, it remains a key focus for our team. We see significant opportunity to maintain strong growth in our fleet as we move from our existing committed portfolio to a fleet value of in excess of US$6 billion by 2014.

“We have established offices in Hong Kong and Shanghai under the leadership of Simon Hanson, Head of Asia-Pacific for Avolon. We expect to open a further office in either the Middle East or the Asia-Pacific region in the next 12 months to build on the success we have had in supporting and partnering with leading carriers in these regions.”