Avolon Agrees Transaction for 20 A330neo Aircraft With Malaysia Aviation Group
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Monday, August 15, 2022
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Avolon, the international aircraft leasing company, announces that it has agreed a transaction with Malaysia Aviation Group (MAG), owner of Malaysia Airlines, for the financing of 20 A330-900neo aircraft.
Key Points:
- Avolon, the international aircraft leasing company, announces that it has agreed a transaction with Malaysia Aviation Group (MAG), owner of Malaysia Airlines, for the financing of 20 A330-900neo aircraft.
- The transaction comprises the placement of 10 A330neo aircraft from Avolons orderbook and 10 A330neo aircraft to be acquired from MAG via sale and leaseback.
- Group CEO of Malaysia Aviation Group, Captain Izham Ismail, commented: We are pleased to conclude a strategic understanding with Avolon on the renewal of our widebody fleet modernization through the leaseback arrangement of 10 A330neo aircraft, and acquire another 10 aircraft directly from Airbus.
- Malaysia Aviation Group (MAG) is a global aviation organisation comprising three focused business portfolios from Airlines, Aviation Services and E-Commerce & Travel Services Businesses.