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 (OTC: 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

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