German leisure carrier Condor is bidding farewell to its fleet of Boeing 757-300 aircraft. The retirement process began in 2023 and is expected to be completed by 2025. Earlier this week, asset management company Crestone Air Partners announced that it purchased the 11 remaining aircraft.
Condor currently operates nine out of the 11 Boeing 757-300s in its fleet. These aircraft have served the airline for many years on short and medium-haul routes, particularly to popular holiday destinations in Europe and North Africa.
The Boeing 757s are being replaced by Airbus A320neo and A321neo family aircraft. According to planespotters.net data, the airline has 10 Airbus aircraft on order, aiming to improve operational efficiency and maximize capacity. The A320neo series is known for its lower fuel consumption and operating costs compared to the older Boeing 757s.
“We are thrilled to welcome these Boeing 757-300 aircraft into our portfolio. This acquisition enhances our current portfolio and signifies the commencement of a promising partnership with Condor,” said Steve Williamson, Principal and Head of Trading at Crestone Air Partners, in a news release.
Condor’s fleet renewal program extends beyond the Boeing 757s. The airline has already completed the retirement of its Boeing 767 fleet in early 2024, replacing them with Airbus A330neos for long-haul operations.
