Seabury Securities Advises Malaysia Aviation Group in Acquisition of 20 A330neo Aircraft
Summary
The agreements also include 20 A330neo purchase rights to provide flexibility for the group to realize future growth opportunities. “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 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.