Jetstar Japan leases 24 A320s

written by australianaviation.com.au | July 12, 2012
Jetstar Japan has announced leasing deals for 24 A320s as it moves to quickly build its fleet.

Jetstar Japan has finalised deals to lease 24 new Airbus A320 jetliners and said it would take delivery of the aircraft over the next three years.

All 24 of the aircraft will be sourced through existing Qantas Group orders, allowing Jetstar Japan access to early delivery slots, the partly Qantas owned budget carrier said.

“It’s unique for a start-up airline to have completed such a large and complex set of transactions prior to the first flight and it’s a credit to the lessors we have selected,” Jetstar Japan CEO Miyuki Suzuki said. “Our lessors understand the value of the Jetstar brand, our strategy and our business model and are excited to be part of the success of the new airline.”

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Eleven of the new aircraft will be leased through existing Jetstar Japan shareholders Mitsubishi Corporation (five aircraft) and Century Tokyo Leasing (six aircraft). The remainder will be procured through GE Capital Aviation Services, Hong Kong Aviation Capital and Jackson Square Aviation, which will lease six, four and three aircraft respectively. Jetstar separately announced the leasing deal with Hong Kong Aviation yesterday.

Jetstar Japan began commercial operations on July 3 with a fleet of three A320s and had flagged plans to expand its fleet to 24 aircraft.

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