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Griffin Global Asset Management Orders 6 Airbus A220-300s for Lease to Croatia Airlines

byRita Garwood
January 24, 2024
in Deals, EF News
Reading Time: 2 mins read
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Griffin Global Asset Management confirmed an order from Airbus and subsequent lease of six A220-300s to Croatia Airlines, with deliveries commencing in 2026.

“Our order for six A220 aircraft is the natural next step for Griffin as we continue supporting the growth and replacement requirements for airlines globally. This order builds on our already strong relationship with Airbus and we are excited to expand our partnership with them for many years to come,” Marc Baer, president of Griffin Global Asset Management, said.

“We are thrilled to be participating in the recently announced Croatia Airlines growth and fleet rollover plans as we welcome a new customer and aircraft type to the Griffin portfolio. This six aircraft transaction demonstrates our ability to provide the most up-to-date and fuel-efficient aircraft at scale and is consistent with our strategy of partnering with top-tier airlines. The entire team at Griffin is looking forward to a successful long-term relationship with Croatia Airlines,” said Peter Bennett, senior vice president of marketing at Griffin Global Asset Management, said.

“We are delighted to be entering into this six aircraft deal with Griffin Global Asset Management, which will enable us to expand our network and assist us in our transition to a single fleet type consisting of the most modern, fuel-efficient and reliable aircraft available,” Jasmin Bajić, CEO of Croatia Airlines, said. “These efficient and reliable aircraft reduce Croatia Airlines’ carbon footprint, making us one of Europe’s most sustainable airlines. We are looking forward to continuing our successful partnership with Griffin Global Asset Management.”

“Airbus welcomes Griffin adding Airbus’ latest generation A220 to its portfolio in support of a financing transaction with Croatia Airlines. This is yet another great endorsement from the lessor community, which underlines the A220s market and sustainability appeal. The A220 is the only clean sheet design aircraft specifically for the 100-150 seat market that delivers unmatched performance and fuel savings in its class. It is also market leading in passenger comfort. We appreciate and look forward to our onward partnership with Griffin,” Benoît de Saint Exupéry, executive vice president of sales for Airbus Commercial, said.

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