StarFlyer announced that it has concluded an agreement to extend the lease term for one leased Airbus A320ceo aircraft (registration: JA27MC).
The lessor is ANA Holdings. The current lease was scheduled to expire on October 1, 2027 (for a total lease term of eight years), but the expiry date will be extended to October 1, 2033. The extension period is six years, with total lease payments during this period amounting to approximately ¥3 billion.
StarFlyer said the move is intended to secure the number of aircraft needed in anticipation of route expansion under its management plan. After comprehensively considering factors including the time required to introduce aircraft and economic viability, the airline determined that the extension is appropriate for carrying out its business plan.
