World Star Aviation have completed the successful structuring of five Airbus A319/320ceo aircraft and related engines from Croatia Airlines as part of a sale and leaseback transaction. This strategic move not only solidifies World Star Aviation’s enduring partnership with Croatia Airlines but also plays a pivotal role in supporting the carrier's transition towards modern technology aircraft, a transformation expected to take place over the coming years.
Marc Iarchy, Partner at World Star Aviation, expressed his satisfaction, stating, "We are delighted to have finalized this landmark transaction, which further cements our longstanding collaboration with Croatia Airlines and its dedicated management team. Our partnership has flourished over the past decade through a wide array of deals, and this is yet another testament to our strong relationship."
Jasmin Bajic, President & CEO of Croatia Airlines, added, "We are pleased that it is with World Star Aviation, our long-standing partner, that we have completed a sale & leaseback transaction for our entire Airbus fleet. Airbus 319/320 fleet continues to remain in service, which provides the company with flexibility in its fleet replacement project, in which all its aircraft will in due course be replaced with new A220 aircraft, which is the biggest project in the history of Croatia Airlines."