Airbus A320neo: Condor's Fleet Enhancement Journey

BOC Aviation orders six new Airbus A320neo aircraft for lease to Condor, aligning with the airline's fleet renewal strategy and plans to
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A321Image Source: Airbus

Synopsis:

BOC Aviation orders six new Airbus A320neo aircraft for lease to Condor, aligning with the airline's fleet renewal strategy and plans to modernize its aircraft lineup by introducing 41 A320neo family planes.

 

Article:

Singapore-based lessor BOC Aviation has struck a deal with Airbus, securing six new aircraft for lease to German leisure airline Condor. This order, comprising four Airbus A321neos and two A320neos, is scheduled for delivery between 2027 and 2028, marking a significant step in Condor's fleet enhancement strategy. The announcement of this agreement was made on December 29, 2023.

Condor aims to replace its existing Boeing 767 long-haul fleet by spring 2024 and subsequently revamp its short- and medium-haul fleets. This extensive modernization plan involves retiring current Airbus A320, A321, and Boeing 757 aircraft, welcoming 41 new A320neo family aircraft into its fleet.

Steven Townend, Deputy Managing Director and CFO of BOC Aviation, expressed enthusiasm about partnering with Condor once more. He highlighted BOC's commitment to supporting Condor's fleet expansion and modernization, emphasizing the provision of six state-of-the-art aircraft. This collaboration reinforces BOC's delivery pipeline of advanced aircraft models, fostering long-term growth.

Condor, currently operating 48 aircraft with 23 Airbus narrowbodies, is set to augment its fleet with the addition of these new Airbus aircraft. BOC Aviation, boasting a fleet of 681 owned, managed, or ordered aircraft as of September 30, aligns its goals with Condor's strategic fleet development.

In a recent move, Condor previously ordered three Airbus A330-900neo aircraft scheduled for integration into the fleet by 2026 and 2027. Bjorn Walther, Condor's CFO, celebrated the successful deal with BOC Aviation as a pivotal step in realizing their vision of operating a modern and efficient fleet across Europe.

Walther acknowledged the significance of BOC Aviation's partnership, highlighting their ongoing support and trustful collaboration as pivotal factors in Condor's growth journey.

Conclusion:

Condor's collaboration with BOC Aviation signifies a significant leap forward in their fleet modernization plans. With the addition of six Airbus A320neo aircraft, Condor paves the way for a more efficient, contemporary fleet, amplifying their position as a leading leisure airline in Europe.

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