Malaysia Airlines signs provisional deal for 20 Airbus A330neos

Malaysia Airlines has signed a provisional agreement to acquire 20 Airbus A330neos to replace its ageing fleet of A330 widebody jets in a deal that also involves aircraft leasing company Avolon.

The airline will buy 10 of the planes from Airbus and then execute a sale-and-leaseback deal with Avolon, with the other 10 leased directly from Avolon, the carrier said on Monday.

Industry sources last week told Reuters a deal was expected on Monday.

The planes, which will have Rolls-Royce engines, are scheduled to be delivered from the third quarter of 2024 through 2028, the airline said.

The fleet upgrade, which includes purchase rights for another 20 A330neos, come…

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