Azorra sells two A330-300s to Xiamen Airlease

Fort Lauderdale, Florida, USA

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Azorra is today announcing the sale of two Airbus A330-300 aircraft to Xiamen Aircraft Leasing Co., Ltd. (“Xiamen Airlease”), a China-based aircraft lessor. Both aircraft (MSN 1432 / 1579) are on lease to Sichuan Airlines, one of China’s major carriers.  

John Evans, Chief Executive Officer, Azorra, says: “We are proud to complete our first transaction with Xiamen Airlease and to deepen our relationships with key trading partners across the Asia-Pacific region. This transaction highlights the strength of Azorra’s diverse, multilingual team — including our Mandarin-speaking colleagues who were instrumental in supporting this deal — and our ability to work seamlessly across cultures to execute complex transactions around the world.

“As global demand continues to grow, we remain focused on delivering flexible, high-quality solutions that create long-term value for our airline customers and lessor trading partners.”

Edward Chen, Chief Executive Officer, Xiamen Airlease, says: “We are honored to establish cooperation with Azorra. Through close communication and trusted collaboration between the two teams, we have successfully completed the delivery process of these two A330-300 aircraft. We look forward to building a long-term and stable strategic partnership with Azorra in the future.”

The aircraft, manufactured in 2013 and 2014, are powered by Rolls-Royce Trent 700 engines.

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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 with young professionals who bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of more than 150 aircraft and engines. Including commitments and orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft, Azorra’s total fleet exceeds 280 assets. The company is headquartered in Fort Lauderdale, Florida, and has an office in Dublin, Ireland.     

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ABOUT XIAMEN AIRCRAFT LEASING CO

Xiamen Aircraft Leasing Co., Ltd. was registered and established in Xiamen Free Trade Zone in September 2015. The company aims to “serve the world from the heart of Xiamen.” It is the first aircraft asset management company in China that primarily focused on used aircraft. It is also a flagship enterprise in the aircraft leasing industry in Xiamen Free Trade Zone.

Xiamen Aircraft Leasing Co., Ltd.’s business covers the entire lifecycle management of aircraft assets, including aircraft, aircraft engines, helicopter financing leasing and operating leasing businesses, as well as aircraft asset disposal business focusing on the mid-to-late stages of aircraft’s life. The purpose of XAML is to seamlessly connect the growing demand for the management of aging aircraft assets in China with the vast domestic and foreign markets, creating a healthy industry for efficient circulation of aircraft assets globally and providing maximum value for global airline customers.