Malaysia Aviation Group Acquires 20 New A330neo As Part of Fleet Modernisation Plan
The Malaysia Aviation Group (“MAG” or “the Group”) today signed Memorandums of Understanding (MoU) with Airbus, Rolls-Royce and Avolon for the acquisition of 20 new Airbus 330-900 (A330neo) aircraft powered by Rolls-Royce Trent 7000 engines. A total of 10 aircraft are directly purchased from Airbus with a back-to-back sale and leaseback arrangement with Avolon, while the remaining 10 are leased directly from Avolon.
The A330neo will replace the Group’s existing A330ceo fleet and upon delivery, will gradually operate in its existing network throughout Asia, Oceania, and the Middle East.
The transaction includes 20 A330neo purchase rights to provide flexibility for the Group to realise future growth opportunities. The MoU also includes the purchase of spare Trent 7000 engines and engine maintenance services from the Rolls-Royce TotalCare Agreement. The aircraft are scheduled to be delivered to MAG starting from the third quarter of 2024 through to 2028.
Further to the renewal of the widebody fleet, the Group also announced at the event graced by Datuk Seri Ir Dr. Wee Ka Siong, Minister of Transport Malaysia that it is working on (...) click here to continue reading.