Croatia Airlines to acquire up to fifteen aircraft
Croatia Airlines plans to renew its fleet by acquiring between twelve to fifteen aircraft, based on its post-Covid strategy drafted in cooperation with the Boston Consulting Group, the “Jutarnji” daily reports. The carrier intends on acquiring the jets through a financial lease, similar to the Dash 8 turboprops in its fleet, with the process expected to take five years to complete. The Croatian government is yet to discuss and approve the post-Covid strategy, which has not been made public. The strategy itself will take three years to implement and includes plans to expand the airline’s network in order for it to better compete against other carriers.
Croatia Airlines has renewed talks with Airbus over the cancellation of its order for four A320neo aircraft, which were to be delivered during 2022 and 2023. The European plane manufacturer could offer the Croatian carrier the A220 jet instead. It will demonstrate the aircraft, an A220-300 in Air Baltic’s livery, as well its features, in Zagreb tomorrow, which will be attended by representatives of Croatia Airlines, as well as Airbus’ Head of Single-Aisle Market Development, Claude Debaquenne, and members of the press. Other Croatian-based airlines, including Trade Air and newcomer ETF Airways, are also expected to be in attendance.
Last week, Croatia Airlines said its post-Covid strategy outlines the need to improve the company’s efficiency and competitiveness in the face of key operational and structural challenges that include fleet renewal and the optimisation of its year-round route network. "Taking into account visible trends on the highly competitive Croatian aviation market, fuel prices and CO2 emissions, as well as the goals set through 'green' EU policies, the defined strategic initiatives have no alternative, and their implementation will utilise the opportunities which will be available over the next two years as air traffic recovers", Croatia Airlines said in a statement. It added, “We will inform the public of all the upcoming steps in due course”.
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