Croatia Airlines considering financing options for A220 order

Financing models for the acquisition of six Airbus A220-300 aircraft are still under consideration, Croatia Airlines said. Delivery of the jets is due to commence in 2024. Potential financing options include an operating lease, finance lease, as well as sale and leaseback agreements. The A220-300 aircraft is valued at approximately US$91.5m per unit at list price, before the customary discounts, bringing the Croatian carrier’s order for six to over half a billion dollars at list price. The airline also has plans to lease an additional nine A220 jets in order to operate a single-type fleet by 2026. The pace of deliveries over the two-year period has not been made public. The exact details of Croatia Airlines’ contract with Airbus remain largely unknown after the order was firmed up in Zagreb last week without the presence of any members of the press. However, it is believed the Croatian carrier received extremely favourable terms from Airbus.<br/>