Croatia Airlines inks lease for two A220-100s and four A220-300s
Croatia Airlines has concluded a long-term lease for six new Airbus A220 aircraft with Air Lease Corporation (ALC), including for two A220-100s and four A220-300s. The aircraft are scheduled for delivery to the Croatian carrier at the beginning of 2024 and through 2025 from ALC’s order book with Airbus. “We are pleased to announce this lease placement for six new Airbus A220 aircraft with Croatia Airlines. ALC looks forward to a successful long-term relationship with Croatia Airlines as the airline modernises and expands its fleet with the newest and most fuel-efficient jets”, Air Lease Corporation’s Executive Chairman, Steven F. Udvar-Hazy, said.
Croatia Airlines placed an order with Airbus for six A220s in November but last month said it was still finalising financing options for the aircraft. An operating lease, such as the one concluded with Air Lease Corporation, was the most likely outcome taking into consideration the state of the company’s finances. The airline also plans to lease an additional six A220 jets in 2025 and 2026, in order to operate a single-type fleet. “The public will be informed in a timely manner upon the selection of the lessor for the remaining six aircraft with deliveries in 2025 and 2026”, Croatia Airlines said. The carrier also has the option to add a further three A220s in 2027.
Croatia Airlines’ A220-100s will have the capacity to seat 127 passengers, while the A220-300 will welcome 148 travellers. The A220s are expected to reduce Croatia Airlines’ operating costs as well as improve the company’s environmental efficiency and competitiveness while improving passenger comfort. Croatia Airlines’ CEO, Jasmin Bajić, previously described the incoming aircraft as, “The beginning of a new period of aviation, a new period in the life of Croatia Airlines, a new period for passengers, and a new period for Croatia’s tourism and economy as a whole”. On the other hand, Airbus noted, “The A220 is ideally suited to Croatia's aviation needs, providing operational flexibility and efficiency allowing its airline to pursue its ambition for both regional and international connectivity without compromising on any aspect, be it passenger comfort or trip and seat cost economics”.
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