Azorra completes acquisition and placement of EGYPTAIR A220-300 portfolio

Fort Lauderdale, Florida, USA

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Azorra is today announcing the successful acquisition of 12 Airbus A220-300 aircraft from EGYPTAIR.

Purchased in February 2024 to support EGYPTAIR’s fleet transformation program, the twelfth and final aircraft has been delivered to Breeze Airways.

John Evans, Chief Executive Officer at Azorra, says: “This transaction highlights Azorra’s ability to create innovative solutions that deliver value across the aviation ecosystem. Beyond expanding our A220 portfolio, these aircraft are helping address critical spare engine and parts availability challenges while supporting operators around the world.

“We appreciate the partnership and professionalism demonstrated by EGYPTAIR throughout a complex transaction process, as well as the collaboration and support of Airbus and Pratt & Whitney. We remain strong believers in the A220 and the tremendous value it creates for airlines through its economics, performance and passenger experience.”

Capt. Ahmed Adel, Chairman & CEO of EGYPTAIR Holding Company, says: “We are pleased to have successfully completed this transaction with Azorra, which formed an important part of our fleet transformation strategy. We appreciate the professionalism and collaboration demonstrated throughout the process and are confident the aircraft will continue to deliver strong value.”

Azorra has 28 A220s in service around the world, following the delivery of the first aircraft from its orderbook in May 2024, with 15 remaining on order.

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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 338 aviation assets, including 186 owned and managed aircraft, 103 owned engines and airframes, and a committed pipeline of 49 aircraft. Azorra is headquartered in Fort Lauderdale, Florida, with an additional office in Dublin, Ireland.