Europe

Turkish Airlines to lease out eight A330 aircraft

Turkish Airlines A330-200
Tis Meyer / Planepics.org

Turkish Airlines plans to lease out eight of its Airbus A330-200 aircraft, a move that will help it to reduce costs.

Cabot Aviation has been exclusively authorised by Turkish Airlines to remarket eight Airbus A330-200s for sublease, either dry or wet.

Cabot Aviation’s Senior Vice President, Greg Cope, said:

“We are proud to have been chosen by Turkish Airlines for this important project, which follows other wide body aircraft remarketing authorisations received recently from leading carriers including China Airlines, Kenya Airways and SriLankan Airlines.

These Turkish Airlines aircraft offer an operator the ability to quickly supplement capacity or test markets on a wet lease basis or over a longer term on dry lease. The eight aircraft also have the potential to form their own “mini fleet”, even if an operator already has A330s with another engine type or configuration”.

Meanwhile, Turkish low-cost airline Pegasus said it plans to delay the delivery of new aircraft and sell older planes after a difficult year for tourism in the country.

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