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Uzbekistan Airways to Lease Six Additional A321neo Aircraft

Uzbekistan Airways to Expand A321neo Fleet with Six New Leases
Uzbekistan Airways has announced the signing of letters of intent with Chinese lessors CALC and ICBC Financial Leasing to lease six additional Airbus A321neo aircraft. The agreements include four aircraft from CALC, increasing the airline’s total commitments with this lessor to six, and two from ICBC Financial Leasing. Deliveries are planned between 2027 and 2028, marking a significant expansion of the carrier’s narrow-body fleet.
Fleet Expansion and Delivery Timeline
With these new leases, Uzbekistan Airways aims to operate a total of fifteen A321neo aircraft by 2028. Earlier this year, the airline finalized dry-lease agreements with CALC for its first two A321neos, scheduled for delivery in 2026. In addition, a separate agreement was reached in September to lease two more A321neos from SMBC Aviation Capital, also arriving in 2026. The A321neo aircraft will be configured to accommodate 16 business class and 156 economy class passengers, reflecting the airline’s focus on enhancing passenger comfort and capacity.
Currently, Uzbekistan Airways operates a diverse fleet of 44 aircraft, including nine A320-200s, ten A320neos, five A321neo LRs, two ACJ320s, six Boeing 767-300ERs, two 767-300ER freighters, seven Boeing 787-8s, two Ilyushin Il-76TDs, and one Pilatus PC-24, according to ch-aviation data. The airline also holds commitments for an additional eighteen A321neos and fourteen Boeing 787-9s, underscoring its ambitious growth plans.
Strategic Considerations and Market Challenges
The decision to expand the A321neo fleet comes amid a competitive and evolving aviation market in Central Asia. While increasing the fleet size offers opportunities for route expansion and enhanced service offerings, it also presents challenges related to higher operational and maintenance costs. These factors could exert pressure on the airline’s financial performance, prompting close scrutiny from market analysts and investors regarding the strategic rationale behind the expansion.
Uzbekistan Airways faces intensified competition from regional carriers such as Centrum Air and Flydubai, both of which are also expanding their Airbus A320neo fleets. This competitive environment necessitates careful management of leasing terms and the seamless integration of new aircraft into existing operations. The airline’s ability to navigate these complexities will be critical as it pursues its growth strategy and seeks to consolidate its position within the regional aviation sector.

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