Friday 29 Mar 2024
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KUALA LUMPUR (Sept 10): Malaysia Airlines Bhd (MAB), the new company of Malaysia's national carrier, today signed long-term lease agreements with Air Lease Corporation (ALC) for four new Airbus A350-900s.

According to MAB, the transaction also includes a lease option for two additional A350-900s and two A330-900neo aircraft.

Powered by two Rolls Royce Trent XWB-84 engines, the A350-900 aircraft are from ALC's order book with Airbus and will be delivered between the fourth quarter of 2017 and the second quarter of 2018, it added.

"We are excited to have this aircraft as part of our fleet. The A350 is the most technologically advanced aircraft and we are confident that it will deliver exceptional passenger comfort and improve the overall efficiency of our fleet.

"We are very pleased to partner with Air Lease Corporation on this strategic transaction," said MAB's chief executive officer (CEO) Christoph Mueller in the statement today.

Meanwhile, ALC's chairman and CEO Steven F. Udvar-Házy said ALC is honoured to welcome MAB as its newest valued customer.

"We are confident that these aircraft will maximise Malaysia Airlines' (MAB) operations to help grow its business while simultaneously reducing its operating costs and emissions," he said.

ALC looks forward to building a strong long-term relationship with MAB in the future, he added.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

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