Malaysia Airlines Signs Deal for 20 Airbus A330neo Aircraft

August 15, 2022

Malaysia Airlines Airbus A330neo

Malaysia Airlines has signed a deal with a Airbus to acquire 20 A330neo widebody passenger aircraft. 10 of the planes will be purchased directly from Airbus and 10 will be leased through aviation leasing juggernaut Avolon.

The A330neo will join the Malaysian Airlines fleet of 6 A350-900s, gradually replacing its older A330ceo aircraft. The carrier has configured its A330neo fleet with a premium layout that can accommodate 300 passengers in two classes. With this new addition, Malaysia Airlines will be able to better serve its network covering Asia, the Pacific and the Middle East.

Rolls Royce has been selected as the engine choice for the aircraft.

The A330neo is Airbus' latest variant of the popular A330. Featuring the latest in engine technology, a new wing design, and a variety of aerodynamic improvements, the A330neo offers significant reductions in fuel consumption and CO2 emissions when compared to older models. The A330-900 model is capable of flying up to 7,200 nautical miles nonstop, making it an ideal option for long-haul flights.

Malaysia Airlines Chief Executive Izham Ismail said:

"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."

Malaysia Airlines, which restructured its debt by more than half last year, has said that it plans to return to profit by 2023 as demand for air travel increases. The airline expects the improving economy and rising passenger demand to help it achieve profitability within the next five years.

Favorable conditions (flexible deals from the plane makers) are spurring carriers to make new purchases and refresh fleets. This is very welcome news as the industry continues to rebound post-pandemic.

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