Magellan Aviation Group (Magellan), in partnership with Worldstar Aviation (Worldstar), has announced the acquisition of three Boeing 737-800 aircraft currently on lease to Eastar Jet. The transaction enables the airline to secure additional capacity for future operations, while also providing a structured approach to asset and maintenance management.
As part of the deal, Magellan and Worldstar have worked jointly to limit maintenance exposure through the procurement of green-time engines, supporting near-term operational flexibility and cost control. The approach reflects a broader strategy to balance asset utilisation with lifecycle efficiency, while strengthening support for the lessee.
David Rushe, President and CEO of Magellan, said the acquisition enhances both material availability and operational flexibility. He noted that the transaction secures valuable engine and airframe assets for Magellan’s used serviceable material business, while also reinforcing its ongoing collaboration with Worldstar. He also acknowledged the efforts of key team members in bringing the deal to completion.
Marc Iarchy, Partner at Worldstar Aviation, highlighted the collaborative nature of the agreement, describing it as a process shaped by close coordination and a shared approach to asset management. He added that combining the expertise of both organisations, alongside a creative engine strategy, is intended to support the airline with improved flexibility, reduced maintenance exposure and a lower overall shop visit burden.
The acquisition underscores a continued focus by both companies on delivering tailored leasing and asset solutions, aligning technical planning with commercial objectives to better support airline operations.
