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Cyprus Airways Getting More A320s  
User currently offlinePanais From Cyprus, joined May 2008, 468 posts, RR: 0
Posted (6 years 4 months 12 hours ago) and read 2973 times:

CY is leasing 3 A320 family planes, most likely 319 and 320s.

They say the planes are new although do not know who they are leasing them from.

All of their leases so far have been from ILFC.

Anyone knows anything more?

6 replies: All unread, jump to last
 
User currently offlineCYatUK From United Kingdom, joined Apr 2006, 811 posts, RR: 0
Reply 1, posted (6 years 4 months 12 hours ago) and read 2893 times:

At the moment it appears that the only news come from the Chairman's statemens to the Cyprus Stock Exchange.

I would expect at least 2 of the current A320s fleet to be sold due to their age.

ILFC is a possibility given their current relationship with the A330 leases but there is nothing on their website yet, possibly because there is no final deal.



CY@Uk
User currently offlinePanais From Cyprus, joined May 2008, 468 posts, RR: 0
Reply 2, posted (6 years 3 months 4 weeks 1 day 17 hours ago) and read 2608 times:

Below is a list of their A320s.

MSN Type Delivery date Registr. Age years Name
35 320-231 22/06/1989 5B-DAU 19.12 Evelthon
37 320-231 30/05/1989 5B-DAV 19.18 Kiniras
38 320-231 05/05/1990 5B-DAW 18.25 Agapinor
180 320-231 17/03/1992 5B-DBA 16.38 Evagoras
256 320-231 04/03/1992 5B-DBB 16.42 Akamas
295 320-231 31/03/1992 5B-DBC 16.34 Tefkros
316 320-231 05/03/1993 5B-DBD 15.41 Onisilos

CY actually was one of the launch carriers for the A320.

They are thinking about (or could only afford) 3 replacements.

It seems that Evelthon, Kiniras and Agapinor will be the first ones to go.
Then 3 years later on, another 3 or 4 will need to be replaced.

Would be interesting to see if the replacements are new or nearly new.

With the A320 replacement deliveries being at least 12 years away, buying new now would make sense.


User currently offlineCYatUK From United Kingdom, joined Apr 2006, 811 posts, RR: 0
Reply 3, posted (6 years 3 months 4 weeks 1 day 12 hours ago) and read 2477 times:



Quoting Panais (Reply 2):
With the A320 replacement deliveries being at least 12 years away, buying new now would make sense

I heard the statement of CY chairman who said that they will be getting "3 new or nearly new planes".

Its very interesting to see how unions react given that if this scenario goes ahead, CY will be selling 3 planes and leasing 3 new ones i.e. the owned fleet number will reduce to 4 A320 and 2 A319 with 3 A32X and 2 A330 leased.



CY@Uk
User currently offlineFlynavy From , joined Dec 1969, posts, RR:
Reply 4, posted (6 years 3 months 4 weeks 1 day 12 hours ago) and read 2474 times:

Will some of their current aircraft time out soon? Perhaps this is why they're looking at additional frames?


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User currently offlinePanais From Cyprus, joined May 2008, 468 posts, RR: 0
Reply 5, posted (6 years 3 months 4 weeks 1 day 11 hours ago) and read 2422 times:



Quoting CYatUK (Reply 3):
Its very interesting to see how unions react given that if this scenario goes ahead

They should be OK with it.

Sell three that are worth close to scrap price and get three others that do not create so many problems as the ones that they are replacing.

Quoting Flynavy (Reply 4):
Will some of their current aircraft time out soon? Perhaps this is why they're looking at additional frames?

Three of them are 18 and 19 years old. One of them breaks down frequently.

They will probably retire them, although, I do see a benefit of having old aircraft around that can be used to support the network if extra capacity or aircraft are needed.


User currently offlineCYatUK From United Kingdom, joined Apr 2006, 811 posts, RR: 0
Reply 6, posted (6 years 3 months 4 weeks 12 hours ago) and read 2291 times:

Being a public company, when a deal is signed there will be an announcement at the Stock Exchange.

I guess we just have to wait and see.



CY@Uk
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