Azorra announced on February 1 that it had closed the acquisition of 12 Airbus A220-300s from EgyptAir, the country’s flag carrier.
The aircraft, received since 2019, have mostly not flown for months, allegedly due to problems with the Pratt & Whitney PW1500G (GTF) engines.
The turbofan has shown an accumulation of powder metal, which can interfere with its operation. The manufacturer already knows how to correct the fault, however, the repair schedule has been slow for so many aircraft, especially the A320neo family.
According to Azorra, the 12 A220s have already undergone review while EgyptAir has indicated that it intends to focus on larger aircraft.
“Our strong partnerships with Airbus and Pratt & Whitney have been key to facilitating this creative transaction. These young, well-maintained aircraft with freshly overhauled, updated engines from Pratt & Whitney have strong market demand and are very attractive to Azorra’s rapidly growing customer base,” said John Evans, CEO of Azorra
“We highly value the creativity shown by Azorra. We are thankful to the team for their commitment which led to such a successful transaction,” added Eng. Yehia Zakria, CEO of EgyptAir Holding.
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The Egyptian carrier has placed orders for larger aircraft such as the Airbus A321neo and also the Boeing 737 MAX and Airbus A350, the latter announced at the 2023 Dubai Airshow.
