渤海租赁斥资超200亿美元采购空客新机型，同步优化机队资产结构

Core Viewpoint - Bohai Leasing's subsidiary Avolon has signed a contract with Airbus to purchase 15 A330NEO and 75 A321NEO aircraft, with potential additional purchases bringing the total to 100 A321NEO and 30 A330NEO, valued at approximately $21.842 billion based on 2018 list prices [1][2] Group 1: Aircraft Purchase Details - The aircraft procurement includes 15 A330NEO and 75 A321NEO, with an option to purchase an additional 25 A321NEO [1] - If all options are exercised, the total procurement could reach 100 A321NEO and 30 A330NEO, with a total value of about $21.842 billion [1] - The actual purchase price will be lower than the list price due to discounts, which is standard in the global aviation industry [1] Group 2: Financial and Operational Capacity - Avolon expects to fund the aircraft purchases through its own funds, self-raised funds, and future operating cash flow [1] - As of the end of Q2 2025, Avolon has $8.8 billion in non-restricted cash, aircraft sale contracts, and available loan capacity, indicating strong liquidity [1] Group 3: Fleet Composition and Strategy - Avolon's fleet consists of 1,076 aircraft, including 599 owned, 35 managed, and 442 on order, with a nearly 100% utilization rate [2] - The introduction of new aircraft is expected to enhance the technological advancement and market competitiveness of Avolon's fleet [2] - Avolon is simultaneously optimizing its existing assets by selling 13 aircraft for approximately $570 million, indicating a strategy of upgrading its fleet [2][3] Group 4: Aircraft Sale Details - The sale includes 10 narrow-body and 3 wide-body aircraft, with an average age of 10.1 years and an average remaining lease term of 5.8 years [3] - The transaction involves both direct ownership transfer and trust benefit rights transfer for the aircraft [3] - The sale of older CEO series aircraft contrasts with the procurement of new NEO series aircraft, reflecting a "replace old with new" fleet upgrade strategy [3]