Aircraft to Support Group’s Fleet Modernization Program
NEW YORK – August 23, 2022 – Seabury Securities LLC (Seabury”) announced today that the company’s Aviation team advised The Malaysia Aviation Group (“MAG”), the parent company of Malaysia Airlines, in the acquisition of 20 Airbus A330-900neo aircraft. Seabury served as MAG’s exclusive financial and fleet advisor for the fleet acquisition and financing.
The transaction covers 10 A330neos purchased directly from Airbus with a back-to-back sale and leaseback arrangement with Avolon. The remaining 10 aircraft are leased directly from Avolon. The agreements also include 20 A330neo purchase rights to provide flexibility for the group to realize future growth opportunities. The aircraft are scheduled for delivery between the third quarter of 2024 and 2028.
“We are proud to have supported MAG in this very competitive selection process,” commented Alexis Fekete, Seabury Securities’ Managing Director. “We believe the comprehensive solution brought by Airbus, Rolls-Royce, and Avolon offers a cost-effective replacement of the current A330ceo fleet, which will lay a solid foundation for the airline’s future regional operations.”
Izham Ismail, Group Chief Executive Officer of MAG, said: “After an extensive technical evaluation and a very competitive process, in which Seabury has played an instrumental role, we are delighted to have reached a strategic agreement with our partners on the renewal of our widebody fleet through the acquisition of these A330neos. The innovative, cost-effective, successful tripartite approach offers a holistic solution to fleet owners that is financially viable for MAG as we secure a lower and stable cost base with an assurance of support financing.”
More details on the transaction can be viewed at: https://www.malaysiaairlines.com/th/en/news-article/2022/malaysia-aviation-group-acquires-new-a330neo-as-part-fleet-modernisation-plan.html
ABOUT SEABURY SECURITIES
Seabury Securities LLC is the wholly owned investment banking arm of Seabury Capital Group LLC (“Seabury Capital”) which operates a number of specialty finance, investment banking, technology, and software companies with a core focus anchored in aviation, aerospace & defense, and financial services & technology. Since its founding in 1995, Seabury Capital has taken ownership stakes in software and asset management businesses servicing the aviation and travel industries. Seabury Capital ended the year 2021 with over $1.3 billion in assets and intends to leverage those resources to launch one or more specialized investment funds in aviation, travel, and technology in 2022, under a newly incorporated investment fund manager, Seabury Capital Management LLC.
Within the last few years, Seabury Capital has expanded its portfolio by investing in early-stage startup companies within the financial technology industry and structured investment products. In addition, Seabury Capital owns and operates FINRA, NFA and FCA regulated investment banking services firms in the U.S. and U.K., respectively, serving external clients as well as assisting the companies in which Seabury Capital has invested.
Seabury Securities is headquartered in New York City, New York, USA, with professionals located in offices around the world. Reference Seabury Securities at www.seaburycapital.com/seabury-securities.