Airbus has signed a purchase agreement with Azorra for 22 A220 Family aircraft including 20 A220-300s and two ACJ TwoTwenty aircraft.
Image copyright Airbus
Azorra is a Fort Lauderdale, Florida, USA, based aircraft lessor focused on executive, regional and mid-size (crossover) aircraft.
“The A220 is ideally suited for Azorra’s growing portfolio. We are excited to partner with Airbus on this popular, next generation aircraft. We look forward to offering its superior economics and environmental efficiency to our customers,” said John Evans, CEO of Azorra. “We are also thrilled with the opportunity to expand Azorra’s executive jet leasing business with the new ACJ TwoTwenty. Azorra’s new partnership with Airbus and unique ability to offer fleet transition solutions for airlines and executive jet leases to business aviation customers are key differentiators that bring significant value to our customers.”
Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International, said: “We warmly welcome Azorra as a new Airbus partner and salute this decision by a renowned player in the regional aviation space. We have seen a significant market appetite for the A220 Family from a growing and diverse customer base. The addition of Azorra’s capabilities in the regional airline segment is a welcome endorsement for the A220 versatility.
“This agreement will enhance Azorra’s portfolio strategy of investing in the most comfortable and modern technology aircraft in this segment while it will also enable us to offer A220 Family solutions to an increasingly wider spectrum of airlines.”
The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines.
The ACJ TwoTwenty combines intercontinental range to fly over 12 flight hours with large personal space (73m2/785 ft2 of floor space), for private and business jet users.
As of the end of December 2021, the A220 had accumulated 668 orders from 25 customers. To date, 13 airlines are operating around 190 aircraft on four continents.
Azorra is a relationship-driven aircraft lessor providing lease, financing and asset management solutions with a focus on executive, regional, crossover and small narrowbody aircraft. Azorra’s team - led by industry veterans - has the financial backing of funds managed by Oaktree Capital Management LP. The company is headquartered in Fort Lauderdale, Florida and has an office in Dublin, Ireland.