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World Star Aviation Backs XMAL’s First Lease Deal with easyJet

World Star Aviation Facilitates XMAL’s Inaugural Lease Agreement with easyJet
World Star Aviation has been instrumental in orchestrating the acquisition and lease of four Airbus A319 aircraft by Xiamen Aircraft Leasing (XMAL) to easyJet. This transaction represents XMAL’s first international aircraft leasing deal, conducted through its newly established Irish entity, Renew Star, and marks a significant step in the company’s strategic expansion beyond its domestic market.
Structuring the Deal and Strategic Partnerships
The lease agreement was meticulously structured by World Star Aviation, with KEB Hana Bank acting as the mandated senior lender, reflecting a robust partnership and shared confidence among the involved parties. Edward Chen, Chairman of XMAL, emphasized the importance of this milestone, stating, “We are very glad to add easyJet, a leading and premier airline, into our lessee portfolio. This is a significant milestone for XMAL as it marks our first aircraft leasing transaction abroad. We owe this success to our valuable partner, World Star Aviation, whose support was crucial.”
Garreth Slevin, Partner at World Star Aviation, expressed optimism about the deal’s implications, noting, “It is a pleasure to be part of this important transaction for XMAL. We believe that the establishment of the Irish platform will open new avenues for growth and collaboration in the international aircraft leasing market. We are proud to support XMAL's journey and anticipate many more successful ventures together.”
Challenges and Industry Implications
Despite the positive outlook, both World Star Aviation and XMAL face considerable challenges as they navigate the competitive global airline industry. Ensuring the financial sustainability of the lease and managing the operational complexities inherent in cross-border partnerships will be critical to the deal’s success. Market sentiment towards business jets remains cautious, as underscored by recent analysis from Jefferies, which may influence investor and industry responses to such transactions.
The aircraft leasing sector is likely to witness strategic responses from competitors aiming to secure comparable high-profile deals or reinforce existing partnerships to maintain their market positions. As XMAL establishes its footprint in the international leasing arena, the outcome of this initial transaction with easyJet will be closely monitored by industry stakeholders.
The collaboration between World Star Aviation and XMAL, supported by KEB Hana Bank, sets a precedent for future partnerships and highlights the evolving dynamics within the global aircraft leasing market.

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