Avolon leases A330s to new customer US-Bangla

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Avolon

Airline associationsAvolon, the international aircraft leasing company, has added US-Bangla Airlines as a new customer, with an agreement to lease the Bangladeshi carrier two Airbus A330-300 aircraft. These will be the first widebody aircraft operated by US Bangla, adding another carrier to the A330 fleet. The new deliveries will help to support US Bangla’s passenger growth and expansion plans on medium-haul routes such as Jeddah, Riyadh, Dammam, Bahrain, and Kuwait. The aircraft are scheduled for delivery in September 2023. US Bangla launched in 2014 and is Bangladesh’s largest privately owned carrier.

Paul Geaney, President and Chief Commercial Officer, Avolon commented: “We welcome this lease agreement with US-Bangla for two of our Airbus A330s. We are delighted to add a new customer to the A330 programme, offering widebody capability to US-Bangla’s fleet which will help support its route expansion in the Middle East. We look forward to building further on this partnership in the future.”

Mohammed Abdullah Al Mamun, Managing Director, US-Bangla Airlines Ltd. commented: “US-Bangla Airlines has ambitious growth plans for its international operations, and we appreciate the support of a leading lessor like Avolon. This is our first widebody aircraft and represents our aspirations to position US-Bangla Airlines as an airline of choice for travel to medium haul routes. We look forward to deploying our new A330s into service providing premium flight experience at the most reasonable costs to our esteemed passengers travelling for Hajj, Umrah and business.”

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is a global leader in aircraft leasing with an owned, managed and committed fleet, as of 31 June 2023 of 875 aircraft.

US-Bangla Airlines is the flagship full-service airline of US-BANGLA Group, a leading business conglomerate of Bangladesh. US-Bangla Airlines carries over 2.5 million passengers annually across its network and uses its fleet to connect all of Bangladesh and feed their international network from Dhaka.

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