Air Malta sells, leases back Azzurra Air Avro RJs


Azzurra Avro RJ85 EI-CNK

Azzurra Avro RJ85 EI-CNK taking off from Malta (Gordon Zammit)

BAE Systems’ trading and services arm, in conjunction with HSBC Bank, has negotiated a sale-and-leaseback deal involving the three Avro RJ70s and three RJ85s operated by Air Malta subsidiary Azzurra Air. HSBC will manage the leases of the seven jets. Earlier, Azzurra had renewed its Jetspares spares inventory and repair contract with BAE Systems. Azzurra operates its RJs on charter flights and on code-share services with Alitalia (but no longer under the Alitalia Express brand).

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