LONDON – British holiday carrier Jet2 has placed an order for 35 Airbus A320neo aircraft, which will follow alongside its previous commitment of 36 A321neos.

According to Airbus, these aircraft will be configured for 180 seats and will feature the new Airspace cabin, offering “innovative lighting, new seating products, and 60 percent larger overhead baggage bins for added personal storage.”

Richard Schurmann of AirInsight mentioned that deliveries of the aircraft will take place between 2029 and 2031, with the total commitments coming together as 98 aircraft.

With options included, Jet2 could take on as many as 146 aircraft if they did choose to exercise it in the future.

Split up to the A320neo directly; the carrier has options to extend this up to 71 aircraft alone.

Jet2: A Significant Investment To Meet Demand Need…

Jet2 said the following in a statement:

“Jet2 plc is pleased to announce that to meet the future anticipated growth of its Leisure Travel business and to refresh its existing aircraft fleet; the Company has entered into an agreement with Airbus to purchase 35 new firm-ordered Airbus A320 neo aircraft with the ability for this to extend to up to 71 aircraft.

“The firm-ordered aircraft deliveries stretch over three years until 2031 and, at base price, represent a total value of approximately $3.9 billion, with a total transaction value for up to 71 aircraft of approximately $8.0 billion, though the Company has negotiated significant discounts from the base price.”

“This order, which is in addition to the A321 neo aircraft orders announced in 2021, means Jet2 now has a total of 98 firm-ordered aircraft, which could eventually extend to up to 146 aircraft.”

Adding to this was Philip Meeson, the airline’s Executive Chairman:

“We are delighted to build on our existing relationship with Airbus and to have placed this additional aircraft order which provides the Company with the certainty of supply well into the next decade.”

“The order reflects our confidence that we have a much-loved product built on sector-leading Customer Service which we can continue to grow, and these aircraft will ensure our Customers have a wonderfully comfortable and enjoyable experience as they travel with us for their well-deserved Real Package Holidays from Jet2holidays® or scheduled holiday flights with Jet2.com.”

Overall…

It remains clear that Jet2’s mind is set when it comes to thinking about the fleet for the future, especially with the addition of Airbus A320neos to the fleet in the next 10 years.

This additional order will offer a further blow to Boeing, who would be hoping that the airline would sign on for some 737 MAX aircraft, especially with the carrier owning quite a few 737-800NGs.

With the airline making this order to “meet the future anticipated growth of its leisure travel business”, it’s clear that Jet2 is expecting this particular market to explode again.

This is why they have chosen the delivery slots that they have. 2029-2031 should, in theory, give the global environment enough time to get over COVID-19 and the upcoming recession as well. So it is definitely smart thinking.

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