Azorra acquires DAE’s Airbus A220 orderbook

Fort Lauderdale, Florida, USA

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Azorra today announced that it has acquired an orderbook of Airbus A220-300’s from Dubai Aerospace Enterprise (DAE).

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 remaining A220-300 commitments to 15 aircraft. Azorra now owns 28 A220-300 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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ABOUT AZORRA

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 by young professionals who bring fresh perspective, ideas and enthusiasm. Azorra’s current fleet comprises 309 aviation assets, including 183 owned and managed aircraft, 96 owned engines and airframes, and a commitment pipeline of 23 aircraft, 4 engines, and 1 airframe. These commitments include orders for new Airbus A220-100/300 aircraft and Embraer E190/E195-E2 aircraft. Azorra is headquartered in Fort Lauderdale, Florida, with an additional office in Dublin, Ireland.