Irish aircraft leasing group Avolon has
entered an agreement with Dutch aircraft leasing company AerCap
Holdings NV to buy six Airbus A320 aircraft.

The announcement was made on 25 May and the
new aircraft were all sold by AerCap to Avolon with leases

Four of the planes were manufactured in 2010
and two in 2008, and are on lease or contracted to be delivered to
airlines later this year.

The two companies have also set up a joint
venture to own three Rolls Royce-powered A330-200 aircraft, which
are leased to Russian airline national airline Aeroflot.

These aircraft are a year old and AerCap will
carry on management for the joint venture.