increases A320neo Family order to 98

Posted on 18 October, 2022 by Advance has placed an incremental order for 35 Airbus A320neo aircraft, taking its total commitment to the Family to 98 aircraft.

Image copyright Airbus

The latest agreement comes just over a year since placed its first order for 36 A321neo in August 2021, followed by further commitments thereby securing its growth needs as demand continues to outpace supply even in the outer years and will take total firm orders to 98, with the option to extend to 146 aircraft.

The firm ordered aircraft deliveries stretch over three years until 2031 and at base price represent a total value of approximately $3.9 billion, with a total transaction value for up to 71 aircraft of approximately $8.0 billion, though the Company has negotiated significant discounts from the base price.

The Company will retain flexibility in determining the most favourable method of financing the aircraft, which will be through a combination of internal resources and debt.

Image courtesy

Jet2 plc's Executive Chairman Philip Meeson said: "We are delighted to build on our existing relationship with Airbus and to have placed this additional aircraft order which provides the Company with certainty of supply well into the next decade.

"The order reflects our confidence that we have a much-loved product built on sector leading Customer Service which we can continue to grow and these aircraft will ensure our Customers have a wonderfully comfortable and enjoyable experience as they travel with us for their well-deserved Real Package Holidays from Jet2holidays or scheduled holiday flights with"

The A320neos will be configured for 180 seats with an Airspace cabin featuring innovative lighting, new seating products and 60% larger overhead baggage bins for added personal storage.

The A320neo Family incorporates new generation engines and Sharklets, which together deliver more than 25%fuel and CO2 savings, as well as a 50% noise reduction.

At the end of August 2022, the A320neo Family has accumulated over 8,500 firm orders from more than 130 customers worldwide.