The Turkish Corendon Group is starting a large-scale expansion in the current 2022 summer timetable period. There are not enough aircraft available for these and therefore relies on wet lease services from various airlines.
Taking into account the fact that Corendon, for example, controls an enormous number of airports in Germany, the question quickly arises as to how the company intends to manage the many routes. The Turkish Corendon Airlines (CX) fleet currently consists of 14 Boeing 737-800s and one B737 Max 8. There are also ten Boeing 737-800s operated by Maltese Corendon Europe (XR). The Dutch Corendon Dutch Airlines (CD) has three units of this type. Group-wide you have 28 aircraft available. Far too few to be able to carry out the extensive summer flight schedule for 2022.
As a Corendon passenger, the likelihood of being seated on a wet leased aircraft operated by another airline is extremely high at the moment. The Turkish group can celebrate itself as the unofficial “Wetlease European Champion” in the summer of 2022 – based on the size of its own fleet. We will see after the high season whether everything will go smoothly.
Almost all machines that will fly for Corendon in the summer of 2022 are only rented for the busy travel period. Only a few contracts extend beyond the timetable change into the winter period of 2022/23. In other words: Corendon is mainly carrying out the expansion with third-party equipment, which makes the strategy quite risky.
According to current information, the Turkish Corendon Airlines has signed the following airlines: Air Explore (seven Boeing 737-800), BH Air (three Airbus A320), DAT Danish Air Transport (1 Airbus A321), GetJet (two Airbus A320), Go2Sky (two Boeing 737-800), Malta MedAir (one Airbus A320) and Global Airways Lithuania (four Airbus A320). The 20 leased aircraft are mainly stationed in Antalya, but also in Dalaman, Bodrum and other Turkish airports. The number of wet lease aircraft flying for Corendon Airlines is higher than own operation (15 pieces).
The picture is similar at the Maltese sister company Corendon Europe. For these fly according to the current information: SkyUp Airlines (three Boeing 737-800), DAT Danish Air Transport (two Airbus A320) and Privilege Style (one Airbus A321 and one Boeing 767-300). So the bottom line is seven rented machines, compared to ten in-house operation. According to reports, negotiations are in progress with other airlines, so that further wet-lease aircraft could be added in the near future. At Corendon Dutch Airlines, which is only carried as a kind of "accessory" because they actually want to sell it, there are hardly any wet lease operations on this large scale.
Across the group, the 28 aircraft operated by Corendon airlines stand in contrast to a proud 27 leased aircraft from “we lease partners”. The trend in the field of "external operation" is rising sharply, so that the pendulum will soon be shifting even more in favor of ACMI.
Global Airways Lithuania is a new company based in Vilnius. It is the European branch of the South African Global Aviation. Although the company was founded in 2015, there was no particular hurry to obtain the AOC and operating license. It was not until 2019 that the necessary applications were submitted and the corona pandemic then led to the project being temporarily put on hold. At the end of April 2022, the official approval as an airline was received from the Civil Aviation Authority of Lithuania. In the past, the South African Global Aviation has repeatedly worked for Corendon in the wet lease.