Jetstar Japan has finalised arrangements with five lessors so it can purchase and lease 24 new Airbus A320 aircraft.

All of the aircraft, scheduled to be delivered to the airline in the next three years, have been sourced through the Qantas Group’s existing fleet orders, allowing access to early delivery slots.

The Tokyo-based low cost airline started its commercial flights on 3 July with three of the new Airbus A320 aircraft configured for 180 passengers.

Its fourth aircraft will be delivered next month.

The agreements are with five leading leasing companies, including Jetstar Japan shareholders Mitsubishi Corporation (through MC Aviation Partners), which will lease five aircraft, and Century Tokyo Leasing, which will lease six aircraft.

GE Capital Aviation Services, Hong Kong Aviation Capital and Jackson Square Aviation are lessors for six, four and three aircraft respectively.

Chief executive of Jetstar Japan, Miyuki Suzuki, said finalising lease agreements for its fleet so early on reflected positive market sentiment towards Jetstar Japan’s prospects.

“It’s unique for a start-up airline to have completed such a large and complex set of transactions prior to the first flight and it’s a credit to the lessors we have selected,” said Suzuki.

“Our lessors understand the value of the Jetstar brand, our strategy and our business model and are excited to be part of the success of the new airline.”