Croatia Airlines to use jet sale funds on A220s

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Croatia Airlines has said it plans to utilise the funds it received from the sale of five Airbus A320-family aircraft last year on its incoming A220 fleet. Croatia Airlines sold four ageing A319s and one A320 last September to World Star Aviation and leased them back, along with their engines, for an undisclosed sum. The carrier will continue to operate the aircraft until they are replaced by the A220 jets. The airline says the funds from the sale will be utilised for the acquisition of spare engines for the A220s. Croatia Airlines will acquire Pratt & Whittney’s GTF engines for its fifteen-strong A220 fleet. The carrier said, “The sale and leaseback was carried out in order to ensure the necessary flexibility in the implementation of the fleet replacement plans, while the risk of disposing the aircraft after they leave the fleet has now been taken over by the leasing company. The financial resources obtained through the sale will be used to purchased spare engines for the A220 fleet”. Croatia Airlines is set to take delivery of the first factory fresh A220 this June, with another to follow towards the end of the year.

Comments

  1. Anonymous10:34

    So now they only need to schedule the aircraft, reveal the new livery and start earning money. For the first 2 im certain that they will, for the 3rd one...not so much

    ReplyDelete
    Replies
    1. Anonymous17:25

      Read the news.

      Delete
  2. notLufthansa19:40

    In unrelated news: Austrian wet leased two ATRs from Braathens, not all routes are viable fir jet service... pametnome dosta

    ReplyDelete
    Replies
    1. Anonymous22:36

      Austrian use Embraer which aren't as fuel efficient as the A220.

      Delete
    2. Anonymous02:38

      E190/195s can't be compared to A220-100/300

      E2 Embraers can but Austrian uses old Embraers. Also, ATR/Q-400 are planes of the past. As we move towards new, more sustainable jets in airlines' fleets we'll see turboprops vanish

      Delete
    3. Anonymous11:27

      "We'll see turboprops vanish"

      Not sure about that buddy.

      Delete
    4. Anonymous13:05

      Turboprops will not vanish, that's a joke. Same was said in early 2000s when CRJs and ERJs were taking over. Yet, ATR experienced a boom after that as jets simply cannot be economical enough for some routes, no matter how new and improved the engines are. Nowadays, ATR is a perfect regional airliner with the lower cost than any plane on those routes. I'm not enjoying flying on one when compared to jets but hey, it's perfectly fine for and hour or two.

      Delete
    5. Anonymous21:30

      Technology is advancing. Turboprops WILL vanish, maybe not instantly but in 5 or so years we will see extremely economic jets and no need for noisy turboprops.

      Delete
    6. Anonymous21:33

      @13:05 Early 2000s are far behind us, we have advanced, not gone backwards. Continuing to use ATR in 5 years or so would literally be going backwards, and I am looking forward to see the new regional jets that will come in such a timeframe, proving that jets can be fuel efficient.

      Delete
  3. Anonymous09:12

    This sounds like one of the best creative accounting schemes I’ve heard in a long time.

    ReplyDelete
    Replies
    1. Anonymous02:25

      You do not understand the term if this is what you think it is.

      Delete

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