Aviation Capital Group signed a sale and lease-back agreement with Vietnamese airline Jetstar Pacific for 10 new Airbus A320-200 aircraft. The first two aircraft are expected to be delivered in June 2017 and the remaining eight in the last two quarters of 2017.

“ACG is delighted to continue a long-standing and important relationship with Jetstar Pacific, a premier low-cost airline in Vietnam and Southeast Asia,” said Khanh T. Tran, CEO of ACG. “We look forward to working with Jetstar Pacific for many more years as the airline continues to grow in the region.”

“As previously announced in September 2016, we are delighted to welcome 10 new Airbus A320ceo aircraft to join Jetstar Pacific’s fleet in 2017 and equally pleased to continue our existing cooperation with ACG, as we develop our modern fleet and our low-cost network continues to be expand,” said Nguyen Quoc Phuong, CEO of Jetstar Pacific.

ACG and its subsidiaries have ordered a total of 158 A320 family aircraft, comprised of 61 A320neo family and 97 A320ceo family aircraft, directly from Airbus for its own order book.