Irish aircraft leasing company CDB Aviation will lease two A330-300 aircraft to Thai Airways to improve the carrier’s position in its target Asian markets.

The A330-300 features a long-distance range of 6,350 nautical miles. The aircraft are set to be delivered to Thai Airways in September and October 2024.

Jie Chen, CDB Aviation’s CEO, emphasised how the leasing deal will boost Thai Airway’s market position.

Chen said: “We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base”.

“The increased widebody fleet will strengthen the carrier’s position across its key intra-Asian markets, providing the extra capacity needed to meet the high season and rising travel demand in many regions.”

According to Airbus, the A330-300 aircraft offers lower overall operating expenses per seat than its closest competitor.

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Aligning with the industry’s growing passenger demands, the aircraft can carry between 250 and 440 passengers.

Weight reductions in the airframe, system improvements to the engine and sophisticated navigation systems in the cockpit are among the available modifications of the A330-300.

“We’re continuing to see the heightened demand from airlines amidst a tight supply of new and used aircraft, driven primarily by the need to meet growing passenger volumes. Our commercial team remains focused on comprehending and fulfilling the diverse needs of our customers, assisting them in addressing both immediate and longer-term fleet challenges that necessitate resolution” added Chen.