World Star Aviation (WSA) and Magellan Aviation Group have finalized the acquisition of three Boeing 737-800 aircraft currently leased to South Korean low-cost carrier Eastar Jet.
The transaction closed on April 21, 2026, securing stable revenue streams for the lessors through ongoing leases to Eastar Jet, based at Seoul Gimpo.
These mid-life narrowbody jets support Eastar Jet’s operations, including recent additions like an ex-Saga Airlines 737-800 deployed on international routes from Seoul Incheon to Bangkok Suvarnabhumi and Tokyo Narita.
The deal underscores WSA and Magellan’s strategy in targeting mid-to-late life assets, bolstering their portfolio in the competitive single-aisle leasing market amid steady demand from Asian LCCs.
Eastar Jet, a key player in South Korea’s budget sector, relies on such leased fleets to maintain its domestic and regional network efficiency.