Fort Lauderdale, Florida, USA – February 1, 2024
Azorra announces the purchase of 12 Airbus A220-300s from EGYPTAIR, the flag carrier of Egypt.
Azorra is acquiring the aircraft from EGYPTAIR to support the airline’s ongoing fleet transformation, as it seeks to expand its offering to passengers.
John Evans, CEO and Founder of Azorra, says: “Our strong partnerships with Airbus and Pratt & Whitney have been key to facilitating this creative transaction. These young, well-maintained aircraft with freshly overhauled, updated engines from Pratt & Whitney have strong market demand and are very attractive to Azorra’s rapidly growing customer base.
“We are so grateful for EGYPTAIR’s trust and confidence in Azorra to provide a fleet transition solution, while clearing the path for new Airbus widebody aircraft.”
Eng. Yehia Zakria, CEO & Chairman of EGYPTAIR Holding, adds: “We highly value the creativeness shown by Azorra. We are thankful to the team for their commitment which led to such a successful transaction.”
The addition of the 12 aircraft from EGYPTAIR complements Azorra’s current A220 orderbook, with the majority already placed with airline customers across the globe.
Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing. Our team is led by seasoned veterans having a shared history of success and is complemented with young professionals that bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of 98 aircraft on lease to 30 operators in 23 countries on 5 continents around the world, with total commitments of more than 160 aircraft including orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft. The company is headquartered in Fort Lauderdale, Florida, and has offices in Dublin, Toulouse and Seattle.
February 1, 2024
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Azorra is a relationship-driven commercial aircraft lessor, providing lease, financing, and asset management solutions with a focus on regional, crossover and small narrowbody aircraft. Azorra’s management team, with more than 25 years of experience on average, is led by industry veterans with a proven track record and a wealth of experience in aircraft leasing.