Azorra has acquired an order book of Airbus A220-300s powered by Pratt & Whitney PW1500G engines.
The acquisition includes eight A220-300 aircraft, with Azorra acquiring the order book from Dubai Aerospace Enterprise (DAE). Two of these aircraft are currently on lease to TAAG Angola Airlines and the remaining six aircraft are scheduled for delivery in 2027 and 2028.
This acquisition increases Azorra’s total A220-300 commitments to 15 aircraft. Andrew Zavatsky, VP Commercial at Azorra, says: “Acquiring DAE’s A220 order book strengthens our position in the small narrowbody segment and reflects growing demand for new generation, fuel efficient aircraft. The assignment of these aircraft underscores our long-standing partnership with Airbus and DAE, as well as our capacity to deploy capital at scale.
“The A220 has already proven to be a highly efficient and desirable aircraft for airlines globally, and we are strong believers in the program and its compelling economics. Our expanding small narrowbody portfolio firmly establishes Azorra as a leading lessor in the A220 segment.”
The company owns and manages a fleet of 309 aircraft and engines currently.
