As reported in Airline Economics Nov/Dec issue which is at every stand at the Dubai air show, US lessor Aviation Capital Group (ACG) has signed an agreement with Airbus for 30 A320neos.
This latest order from ACG for 30 A320neo’s brings the lessor’s total A320 Family order book to 98 aircraft. Engine selection on ACG’s A320neo fleet will be made at a later date.
“Faced with increasing fuel prices and tough competition, we are seeing a stronger than ever demand from our customers for modern fuel-efficient aircraft such as the A320neo,” said Stephen Hannahs, CEO and Group Managing Director, Aviation Capital Group. “With the neo, we are able to offer our customers a tool which cuts fuel burn by 15%. There’s no doubt that this aircraft will be snapped up by operators worldwide.”
“We may have taken more time that other Leasing Companies to make the neo selection, but we wanted to test customer reaction, financial community acceptance and the fit within the ACG long term fleet plan – it passed with flying colours on all counts,” said John Feren, EVP Global Marketing, Aviation Capital Group.