Avolon, a global aviation finance company, delivered 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’s Delivery Centre in Toulouse, with the remaining aircraft delivering out to 2028.
“We 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,” Andy Cronin, CEO of Avolon, said. “With global supply of widebody aircraft extremely limited these aircraft are a core element of MAG’s fleet renewal strategy, allowing them to capitalize on the continuing recovery in the Asian aviation market.”
