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Croatia
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EBRD lends 24 mln euro to Serbian baby food producer
addedabout 6 hours ago
UPDATE 1 - EIB offers 98 mln euro guarantees to Romanian banks
addedabout 7 hours ago
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Croatia Airlines to lease six A220-300 aircraft from Griffin

Jan 23, 2024, 2:27:34 PMArticle by Annie Tsoneva
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January 23 (SeeNews) - Croatia Airlines [ZSE:CRAL] said on Tuesday it will transfer an existing deal with European planemaker Airbus for the purchase of six new A220-300 aircraft to Griffin Global Asset Management and simultaneously lease the planes from Griffin.

Croatia Airlines to lease six A220-300 aircraft from Griffin
Croatia Airlines Source: Airbus

Through this transaction, Croatia Airlines has finalised its fleet renewal process, in line with the company's post-Covid strategy, it said in a filing to the Zagreb bourse. The state-controlled flag carrier did not disclose specific financial details regarding the deal.

The strategy entails Croatia Airlines transitioning to a more sustainable and efficient business model by replacing its entire fleet with a unified, jet-powered aircraft type by 2026.

Croatia Airlines' shares last traded on the Zagreb Stock Exchange on Monday, when they closed flat at 5 euro ($5.43).

($ = 0.920 euro)

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