Malaysia Aviation Group (MAG) has signed MoUs with Airbus, Rolls-Royce and Avolon on August 15 for the acquisition of 20 new Airbus 330-900, which will be delivered starting from 3Q2024 through to 2028.
The A330neo will replace the existing A330ceo fleet and will gradually operate in its existing network throughout Asia, Oceania, and the Middle East.
Ten of the aircraft are purchased from Airbus and the remaining 10 leased from Avolon.
Izham Ismail, group CEO, MAG, said: “The innovative, cost-effective, successful tripartite approach offers a holistic solution to fleet owners that is financially viable for MAG as we secure a lower and stable cost base, and with assurance of support financing.”
A new generation version of the A330 widebody, the A330neo incorporates the latest generation engines, a new wing and a range of aerodynamic innovations, as well as offers a seating capacity of 300 seats within Business and Economy.
The aircraft offers up to 25 per cent reduction in fuel consumption and emissions, and is capable of flying 7,200 nm or 13,300 km non-stop.
As part of MAG’s Long-Term Business Plan 2.0 to position itself as a leading aviation services group within the region, Izham stated that the acquisition of the A330neo “will not only provide modernisation to our fleet and enhanced operational efficiency, but also meet environmental targets through reduced fuel-burn per seat while keeping passenger safety and comfort at its core”.