KUALA LUMPUR, Sept. 27 (Xinhua) -- Malaysia Airlines announced Wednesday that it will lease six secondhand Airbus A330-200 aircraft from AerCap, the world's largest independent aircraft leasing company.
The carrier had signed a letter of intent with AerCap for the leasing, which will be the replacement for the group's six narrowbody Boeing 737 that are being returned to lessors, Malaysia Airlines chief executive officer Peter Bellew told the media in an update briefing on the group's restructuring plan.
The aircraft is expected to arrive between February and October next year, he said.
The aircraft will be leased for six years from 2018 to 2023, and will mainly be used to up-gauge several high demand medium haul routes, he added.
According to Peter Bellew, the leasing is part of the group's fleet rebalancing plan which will result in savings of 5 percent to 20 percent on leasing cost.