Aviation Capital Group (ACG) has signed a Memorandum of Understanding (MoU) with Airbus for 20 A220s and a firm contract with Airbus for 40 A320neo Family aircraft, of which five are A321XLRs.
“We are delighted to expand our portfolio with additional A220 and A320neo Family aircraft. These highly advanced aircraft will enhance ACG’s strategic objective to offer our airline customers the most modern and fuel-efficient aircraft available,” said Thomas Baker, CEO and President of ACG.
"The order is another gratifying endorsement of our single aisle products by one of the world’s premier aircraft asset managers, ACG and the Tokyo Century Group. It also forcefully confirms the A220 as a growingly desirable aircraft and investment in the commercial aviation landscape. We congratulate and thank ACG for its decision to select both, the A220 and A320neo Families,” said Christian Scherer, Chief Commercial Officer and Head of Airbus International.
With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.
Meanwhile, ACG has continued to serve its clients. The lessor delivered one new Airbus A321neo aircraft on long-term lease to STARLUX Airlines. Featuring CFM International LEAP-1A30 engines, this is the first of three new A321neo’s confirmed to deliver to the airline from ACG’s orderbook with Airbus.
“We are extremely excited to deliver this A321neo to STARLUX Airlines,” said Baker. “We look forward to STARLUX operating this highly fuel-efficient aircraft in their growing route network.”
ACG also delivered one new Boeing 737-8 MAX aircraft on long-term lease to TUI Group. This Boeing 737-8 MAX aircraft, powered by CFM International’s LEAP-1B engines, is part of a multi-aircraft transaction between ACG and the airline.