SEPANG, Malaysia & LOS ANGELES, September 10, 2015 – Today Malaysia Airlines Berhad (MAB) and Air Lease Corporation (NYSE: AL) signed long-term lease agreements for four (4) new Airbus A350-900s. 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.Malaysia Airlines CEO Christoph Mueller said, “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,”“ALC is honored to welcome Malaysia Airlines Berhad as our newest valued customer. We are confident that these aircraft will maximize Malaysia Airlines’ operations to help grow its business while simultaneously reducing its operating costs and emissions,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “ALC looks forward to building a strong long-term relationship with Malaysia Airlines Berhad in the future,” he added.
Hopefully the 777x comes into play if we ever expand later.
The B777X might be a little redundant, considering that they have just gotten rid of the A380s.
I think that as far as getting the lowest cost of operations as measured in CASK, MH will get low cost A330-900s for regional routes and A350-900s for long haul.
As for short to medium haul, Boeing 738Max and Airbus A321neos should be considered. A mix of the two might be ideal.
Given A350 delivery slot is many years away, MH lease of A359 is not unexpected. If they intend to serve EU destinations profitably, MH will need to lease more perhaps A358 and 787.
A358 most likely will not be manufactured.