Magellan Aviation Group, in partnership with Worldstar Aviation has announced the acquisition of three 737-800 aircraft on lease to Eastar Jet. This transaction allows the airline to secure capacity for future operations, with Magellan and Worldstar collaborating to minimise maintenance exposure through the procurement of green-time engines.
David Rushe, President & CEO of Magellan commented: "We are delighted to complete this transaction, which helps secure desirable engine and airframe material for Magellan's USM business, and give flexibility of operations for the airline. This is our latest collaboration with Worldstar and I would like to thank Kento Jike and Shoro Ryu for their persistence and creativity in getting deal over the line.
Marc Iarchy, Partner at Worldstar, remarked “We’re pleased to close this transaction with the Magellan team. It’s been a highly collaborative process throughout. By combining the expertise of both teams with a creative approach to engine strategy and asset management, we aim to support our lessee with greater operational flexibility, reduce near-term maintenance exposure, and ease the overall shop visit burden.”
