Malaysia Airlines signs provisional deal for 20 Airbus A330neos

Malaysia Airlines has signed a

provisional agreement to acquire 20 Airbus A330neos to

replace its aging fleet of A330 widebody jets in a deal that

also involves aircraft leasing giant Avolon.

The airline will buy 10 of the planes from Airbus and then

execute a sale-and-leaseback deal with Avolon, with the other 10

leased directly from Avolon, the carrier said on Monday.

(Reporting by Jamie Freed in Sydney

Editing by David Goodman

)

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