The acquisition comprises eight A220-300 aircraft, including two that are currently on lease to TAAG Angola Airlines, marking Azorra’s first aircraft on lease with the carrier. The remaining six aircraft are scheduled for delivery in 2027 and 2028, increasing Azorra’s total A220-300 commitments to 15 aircraft. The A220s will be powered by Pratt & Whitney PW1500G engines and placed with airline customers globally.
Andrew Zavatsky, VP Commercial at Azorra, says: “Acquiring DAE’s A220 orderbook strengthens our position in the small narrowbody segment and reflects growing demand for new generation, fuel efficient aircraft. The assignment of these aircraft underscores our long-standing partnership with Airbus and DAE, as well as our capacity to deploy capital at scale.
“The A220 has already proven to be a highly efficient and desirable aircraft for airlines globally, and we are strong believers in the program and its compelling economics. Our expanding small narrowbody portfolio firmly establishes Azorra as a leading lessor in the A220 segment.”
The acquisition highlights Azorra’s continued execution of its diversified growth strategy through mergers, acquisitions, opportunistic portfolio purchases, and OEM orderbooks.
Azorra currently owns and manages a fleet of 309 aircraft and engines. Including commitments and orders for new Airbus A220-300 aircraft and Embraer E190/195-E2 aircraft, Azorra’s total fleet comprises 309 assets.
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