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Malaysia Airlines to acquire 20 Airbus A330neos - sources

Stock Markets Aug 10, 2022 10:21
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2/2 © Reuters. FILE PHOTO: An Airbus A330neo aircraft takes off from the Airbus delivery center in Colomiers near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau 2/2
 
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PARIS/SYDNEY (Reuters) -Malaysia Airlines is poised to announce a deal next Monday to acquire 20 Airbus A330neo wide-body jets, industry sources said on Wednesday.

Chief Executive Izham Ismail said in June the airline was nearing a decision on replacing its earlier-model A330 fleet, and Reuters last month reported that the upgraded A330neo had been selected as the preferred model.

The deal to replace 15 A330-300s and six A330-200s is likely to involve leasing around half of the upgraded A330neo planes and purchasing the rest directly from Airbus, said two of the sources, who were not authorised to speak publicly.

Malaysia Airlines and Airbus declined to comment.

Malaysia Airlines has Airbus A330s and A350s in its long-range fleet and had placed a provisional order for competing Boeing (NYSE:BA) 787s in 2017, but let the deal lapse.

The fleet upgrade comes amid signs of a pick-up in demand for wide-body jets after a lengthy downturn.

Malaysia Airlines to acquire 20 Airbus A330neos - sources
 

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