Airlines Azorra takes delivery of first Airbus A220

Leasing company Azorra has officially taken delivery of its first Airbus A220. The aircraft is directly being leased to Latvian carrier airBaltic.

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MSN 55129, an Airbus A220-300, has been delivered to Azorra Aviation Holdings during a handover ceremony at Airbus´s facility in Mirabel, Canada. The aircraft is the first of a total of three A220s to join the company´s fleet and is now being leased on a long term to Latvian airline airBaltic.

As part of a sale and leaseback transaction with the Baltic carrier, the aircraft will enter into service in the coming weeks as the carrier´s 30th A220, which is a new milestone for airBaltic. The airline is one of the largest A220-operators in the world.

John Evans, Azorra’s Chief Executive Officer, said: “We are delighted to take delivery of our first A220 and at the same time welcome airBaltic as a new Azorra customer […] The A220’s superior economics and environmental efficiency make this aircraft an ideal fit for Azorra’s growing portfolio. We appreciate airBaltic’s trust in Azorra and we look forward to supporting their fleet needs.”

Vitolds Jakovļevs, Chief Financial Officer of airBaltic, stated: “airBaltic continues to provide the best connectivity to and from the Baltic region, and since May 2020 has introduced a single type Airbus A220-300 fleet […] airBaltic has decided to build its business around the A220-300, which is the most modern aircraft in its category and delivering better overall performance and fuel efficiency while offering an excellent flying experience.”

Christian Scherer, Airbus Chief Commercial Officer and Head of International, concluded: “We are thrilled to welcome Azorra as a new investor in our leading Airbus product portfolio, recognizing its premium value. We look forward to building on this milestone first delivery for many more Airbus aircraft in the years to come. The compelling attributes of our all new A220 single-aisle aircraft has triggered a growing appetite by the lessor and airline community, and we are proud to serve those growing requests all over the world”

Airbus´ A220 family consists of the smaller A220-100 and the larger A220-300, which is the more popular variant among customers. With modern engines and technological advancements, the aircraft is one of the most fuel and emission friendly aircraft in the market.

Azorra is a commercial aircraft lessor, that provides leasing, financing and management solutions. The company has shifted its focus on the regional airline market. The aircraft portfolio therefore mainly consists of smaller narrowbody aircraft.

Source © azorra.com

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