WSA and Magellan Complete Transaction of Three Eastar Jet-Leased B737-800

World Star Aviation, in partnership with Magellan Aviation Group, has completed the transaction of three (3) Eastar Jet-leased Boeing 737-800, involving the sale and novation of the aircraft from the Sprite 2021-1 ABS platform to Magellan.

WSA will continue to manage the asset under its servicing relationship with Magellan, ensuring continuity in asset and technical oversight.

David Rushe, President & CEO of Magellan, commented: “We are delighted to complete this transaction, which helps secure desirable engine and airframe material for Magellan’s USM business, and give flexibility of operations for the airline. This is our latest collaboration with World Star and I would like to thank Kento Jike and Shoro Ryu for their persistence and creativity in getting deal over the line.”

Marc Iarchy, Partner at WSA, remarked: “We’re pleased to close this transaction with the Magellan team. It’s been a highly collaborative process throughout. By combining the expertise of both teams with a creative approach to engine strategy and asset management, we aim to support our lessee with greater operational flexibility, reduce near-term maintenance exposure, and ease the overall shop visit burden.”