Apollo buys seven 737-300s from AirAsia

Source: Flightglobal.com
This story is sourced from Flightglobal.com

AirAsia has sold seven Boeing 737-300s to US aircraft leasing company Apollo Aviation Group, which means the Malaysian low-cost airline group no longer owns any 737s.

The airline has “sold seven 737-300s to Apollo in the US” and Apollo is due to receive its first “in a couple of months”, AirAsia co-founder and director Conor McCarthy says from Kuala Lumpur.

It means “in a single-shot deal and in one fell swoop we no longer have any owned 737s” in the fleet, says McCarthy, adding that the 737s sold were with Thai AirAsia and Indonesia AirAsia.

AirAsia group still has other 737-300s on lease from various leasing companies but the group has been getting Airbus A320s on order and plans to eventually phase out its 737s entirely, starting with the fleets in Malaysia and Thailand.

McCarthy says it will be several years before the group replaces all its 737s in Indonesia.

In that market the 737-300 is still a good aircraft and is considered relatively new because some competitors are operating relatively old aircraft, such as 737-200s and Boeing MD-80s, he adds.

Apollo has the seven 737-300s from AirAsia listed on its website and says the first will be available to other airlines from as early as next month. It says the aircraft were built in 1986 and 1987.