ITA Airways, through a wholly-owned subsidiary, has closed its inaugural aircraft finance lease for two Airbus A330-900 aircraft, arranged by Crédit Agricole Corporate and Investment Bank (CIB) as global arranger.
This transaction marks a key step in the airline’s fleet modernization strategy, securing long-term widebody capacity amid ongoing cost-reduction efforts.
The deal involves the finance lease structure for the two A330-900neo aircraft, equipped with Rolls-Royce Trent 7000 engines, supporting ITA’s expansion on long-haul routes from Rome Fiumicino.
Crédit Agricole CIB, a specialist in aviation finance with dedicated teams across Paris, New York, Hong Kong, Frankfurt, and Tokyo, leverages its expertise in structured solutions for airlines and lessors.
ITA has previously received its first A330-900 on lease from Air Lease Corporation in 2023 and secured $240 million in private credit financing from AIP Capital for three additional A330-900s.
The airline aims to lower fleet leasing costs, as highlighted in recent financials showing a $242 million net profit, while planning further Airbus orders including A350-900s.
This finance lease enhances operational flexibility and aligns with ITA’s post-privatization growth, reducing reliance on traditional operating leases.