**Azorra completes two landmark transactions in the regional aircraft market**
Aircraft lessor Azorra has closed two emblematic deals within days, underscoring its growing influence in the regional and intermediate-capacity segment. The first is the complete redistribution of the 12 Airbus A220-300s acquired from EgyptAir in February 2024. The second is the delivery of a first ATR 72-600 to Loganair, Scotland's largest regional airline, marking the start of a new commercial relationship.
**All 12 EgyptAir A220-300s placed with new operators**
Azorra confirmed it had purchased the 12 A220-300s from EgyptAir as part of the Egyptian carrier's fleet transformation program. The aircraft, delivered from 2019 onward and less than five years old, were wholly owned by EgyptAir before the sale. According to Azorra CEO John Evans, "this transaction highlights Azorra's ability to propose innovative solutions that create value across the aviation ecosystem."
Seven of the 12 jets have joined the fleet of Breeze Airways in the United States, making the US carrier the main beneficiary of the portfolio. One aircraft went to Cyprus Airways, the only airline to put an ex-EgyptAir A220 directly back into commercial service on the European market. The last unit has just been delivered to Breeze, completing the redistribution process that began in early 2024. Azorra now has 28 A220s in service worldwide, including those from its direct order with Airbus, with a further 15 on order.
**Four airframes cannibalised for Delta and the global engine shortage**
Four of the 12 A220-300s were dismantled and delivered as parts and engines, primarily to support Delta Air Lines through its material services subsidiary. These airframes, stored and broken down in Blytheville, Arkansas, serve as donors for Pratt & Whitney PW1500G engines and other components amid a severe global shortage. Azorra had initially considered scrapping a larger portion of the fleet but revised its strategy given the persistent tension in new A220 production capacity and demand from certain carriers. The lessor notes these aircraft help "address critical challenges in the availability of spare engines and parts" while supporting various A220 operators worldwide.
**Azorra strengthens its European regional portfolio with Loganair**
Alongside the EgyptAir closure, Azorra announced the delivery to Loganair of the first of two ATR 72-600s it will place with the Scottish carrier, considered the UK's largest regional airline. The twin-engine turboprop will support Loganair's highly diverse network, including many routes to isolated communities in Scotland, the Orkney Islands, the Hebrides, and the Shetland archipelago. John Evans commented that "the ATR 72-600 is a proven platform, offering the efficiency and flexibility needed to support Loganair's operations."
Loganair, based in Glasgow, has built a unique position by operating an intensive regional network, often on very short routes and constrained airport infrastructure. The ATR 72-600, with its short-field performance and low fuel consumption, fits into the carrier's fleet renewal strategy, historically composed of Embraer regional jets and older turboprops. The addition of two ATR 72-600s via Azorra strengthens Loganair's ability to consolidate its public service obligation routes and offer better domestic connectivity in the UK amid growing environmental pressure.
With a portfolio of 338 aviation assets, including 186 aircraft and 103 engines and airframes, Azorra now positions itself as a major player in leasing for regional and intermediate-capacity aircraft.