Avianca to cut an order for 100 Airbus A320neo by half

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Bogota - Avianca wants to reduce an order by half that the airline placed in 2015 for 100 Airbus A320neo. The representatives of the Columbian carrier will meet their European counterparts from Airbus in the coming days in Toulouse, France.

Avianca plans to include between 50 and 80 Airbus A320neo in its fleet instead of previously ordered one hundred copies.

We don’t have any doubt that we will keep growing, what has changed is the rhythm of the growth. Technological advancement is part of the reason for the airline wanting to reduce its purchases,
said CEO Hernan Rincon.

The technological advancement in the production of commercial passenger planes has expedited in recent years. Thus, Avianca CEO thinks that making a commitment to today's jets in vast amounts, which will be delivered in 10 or 15 years, might not be economical.

A cut in the initial order, which is valued at $10 billion, will apparently provide Columbian flag carrier some financial relief in the long-term.

Avianca also plans to launch a regional subsidiary next year, which will operate serv medium and short-haul routes with twelve ATR 42.

Founded in 1919, Avianca is the oldest (second oldest in the world after KLM) and the second largest airline in Latin America after Chilean operator LATAM.

The company will celebrate its 100th anniversary next year.