Israir signs MoU to buy Airbus A320-200 for $17 million
Israir signed a memorandum of understanding to purchase an Airbus A320-200 aircraft for about $17 million. The plane is already in service under a dry lease, and the deal is expected to save the airline $3 million annually in cash flow and boost profitability by up to $1 million per year.
Israir signed a memorandum of understanding to purchase an additional Airbus A320-200 aircraft for $17.05 million. The aircraft, registered as 4X-ABI, is already operating for the company under a dry lease, and the transition to ownership is expected to save it about $3 million annually in cash flow and improve profitability by up to $1 million per year. The deal is expected to close in November 2026, and in the second half of 2027, Israir will invest about $10 million in overhauling the aircraft's engines. The move is part of an ambitious growth plan to operate ten narrow-body aircraft, five wide-body aircraft, and two private jets by 2030, with a target of 3.5 million passengers per year. The article does not detail the sources of funding for the additional investments.