Malaysia Airlines Inks Tentative Agreement For 20 Airbus A330neo Aircraft

In a transaction that also involves the aircraft leasing firm Avolon, Malaysia Airlines has inked a tentative agreement to buy 20 Airbus SE EADSY A330neos to replace its A330ceo fleet.
The carrier will purchase 10 of the aircraft from Airbus and then enter into a sale-and-leaseback agreement with Avolon, leasing the remaining 10 aircraft directly from the latter.
The planes are scheduled to be delivered from 3Q24 through 2028.
"The acquisition of the A330neos is a natural transition from our current A330ceos fleet, but the A330neo will not only provide modernisation to our fleet and enhanced operational efficiency, but also meet environmental targets through reduced fuel-burn per seat while keeping passenger safety and comfort at its core," said Malaysia Airlines Chief Executive Izham Ismail.
In addition, the airline stated it was collaborating more broadly with Airbus in Malaysia in areas like sustainable aviation fuel, training, maintenance, and airspace management.
Price Action: EADSY shares closed higher by 0.90% at $27.94 on Friday.
Photo Via Wikimedia Commons