Aircraft lessor Azorra has completed the placement of all 12 Airbus A220-300s acquired from EgyptAir, bringing to an end a fleet transition process that began in early 2024.
The company announced that the final aircraft from the portfolio has been delivered to Breeze Airways, concluding the redistribution of the jets after their withdrawal from the Egyptian carrier's fleet.
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Azorra purchased the 12 A220-300s from EgyptAir in February 2024. At the time, the aircraft had become an unusual opportunity in the market, as the relatively young jets were available after EgyptAir decided to phase out the type only a few years after introducing it.
The aircraft were subsequently placed with new operators or used to support the growing demand for spare parts and engines linked to the Pratt & Whitney PW1500G-powered fleet.
According to fleet records, seven of the former EgyptAir aircraft were transferred to Breeze Airways in the United States, making the carrier the largest recipient of the portfolio. One aircraft was placed with Cyprus Airways.
The remaining four aircraft were ultimately parted out and used to supply components and engines to support the the maintenance and parts division of Delta Air Lines.
The transaction attracted attention because many of the aircraft had spent extended periods on the ground amid operational challenges involving Pratt & Whitney's geared turbofan engines. Despite those issues, Azorra argued that the aircraft retained strong market value due to their age and the growing global A220 fleet.
“With the delivery of the final aircraft, this portfolio has now been fully placed,” Azorra CEO John Evans said in a statement. He added that the transaction helped address shortages of spare engines and components while expanding the lessor's presence in the A220 market.
Azorra currently has 28 A220s in service with operators worldwide and another 15 aircraft on order.
