Avolon announced the delivery of the first of 20 Airbus A330neo aircraft it has agreed to lease to Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines. The delivery of the aircraft was made at Airbus\u2019s Delivery Centre in Toulouse today, with the remaining aircraft delivering out to 2028.<\/p>\n
The transaction was first announced in August 2022, comprising the placement of 10 A330neo aircraft from Avolon\u2019s orderbook and 10 A330neo aircraft to be acquired from MAG via sale and leaseback. The transaction supports MAG\u2019s fleet renewal and expansion strategy.<\/p>\n
Compared to the previous generation A330ceo, the A330neo has an increased range of over 13,300km (7,200 nautical miles) and 25% lower fuel consumption and CO2 emissions. The A330neo\u2019s range and efficiency, combined with its attractive per seat economics, made it the compelling choice to meet MAG\u2019s A330ceo fleet replacement needs and develop new markets. MAG is the 20th<\/sup>\u00a0airline to operate the A330neo. Rolls-Royce\u2019s Trent 7000 engine powers the A330neo and is delivering market leading reliability.<\/p>\n Andy Cronin, Avolon CEO, commented:\u00a0\u201cWe are proud to have partnered with MAG on a complex and unique transaction. It was made possible due to the deep and long-standing relationships Avolon has with Airbus and Rolls-Royce, all collaborating to provide the optimal solution for MAG with the A330neo. With global supply of widebody aircraft extremely limited these aircraft are a core element of MAG\u2019s fleet renewal strategy, allowing them to capitalise on the continuing recovery in the Asian aviation market.\u201d<\/p>\n Avolon was a launch customer of the A330neo in 2014 and has 29 A330neos in its delivered portfolio, with a further 46 in its committed fleet for future delivery as at 30 September 2024.<\/p>\n Malaysia Airlines is Malaysia\u2019s flag carrier and currently operates a fleet of 74 narrowbody and widebody aircraft. MAG\u2019s A330neo is configured with a premium two-class layout, featuring 297 seats, with 28 fully flat Business Class suites and an all-new Economy cabin accommodating 269 passengers. Passengers will enjoy more personal space throughout, with larger overhead storage, improved air quality and the latest in-flight entertainment and high-speed Wi-Fi connectivity.<\/p>\n","protected":false},"excerpt":{"rendered":" Avolon announced the delivery of the first of 20 Airbus A330neo aircraft it has agreed to lease to Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines. The delivery of the aircraft was made at Airbus\u2019s Delivery Centre in Toulouse today, with the remaining aircraft delivering out to 2028. The transaction was first announced …<\/p>\n","protected":false},"author":1,"featured_media":18507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[96,102],"tags":[],"class_list":["post-18505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation-world","category-featured-en"],"yoast_head":"\n