Seabury Securities (Seabury) has announced that the company’s aviation team has advised Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, in the acquisition of 20 Airbus A330-900neo aircraft. Seabury served as MAG’s exclusive financial and fleet advisor for the fleet acquisition and financing.
The transaction covers ten A330neos purchased directly from Airbus with a back-to-back sale-and-leaseback arrangement with Avolon. The remaining ten aircraft are leased directly from Avolon. The agreements also include 20 A330neo purchase rights to provide flexibility for the group to realise future growth opportunities. The aircraft are scheduled for delivery between the third quarter of 2024 and 2028.
“We are proud to have supported MAG in this very competitive selection process,” commented Alexis Fekete, Seabury Securities’ Managing Director. “We believe the comprehensive solution brought by Airbus, Rolls-Royce, and Avolon offers a cost-effective replacement of the current A330ceo fleet, which will lay a solid foundation for the airline’s future regional operations.”
