Malaysia Airlines to buy 20 Airbus jets

Malaysia Airlines has agreed to acquire 20 Airbus A330neo planes to update its fleet of widebody jets, the European aircraft-maker said Monday.

Under the deal, the southeast Asian airline will buy 10 planes from Airbus and lease the 10 others from Avolon, a Dublin-based aircraft leasing company.

No figures were released for the transaction, but the plane was worth $296.4 million according to the last published catalogue prices in 2018. Airlines usually pay less than the listed prices.

The more fuel-efficient A330neo will gradually replace 21 older-generation A330ceo planes in the Malaysia Airlines fleet. The A330neo is powered by Rolls-Royce Trent 7000 engines.