Avolon signs $1.4bn deal to buy 15 Airbus jets

Dublin-based aircraft leasing firm Avolon has inked a deal with leading manufacturer, Airbus, to buy 15 planes with a combined value of $1.4bn (€1.15bn).

It marks Avolon’s second major deal announcement in as many days; with it also announcing this week a $2.3bn deal with Airbus’s rival, Boeing to buy 30 jets.

It is unknown how much Avolon will have to pay for both purchases — final prices are usually discounted from the list prices — but the company will fund both deals from its existing long- term lending facilities.