Aviation Capital Group signed leases with Avianca for eight Airbus A320neo aircraft. All eight aircraft are powered by CFM International LEAP-1A26 engines and are scheduled for delivery in 2023.

“We are excited about expanding our relationship with Avianca and seeing these aircraft continue to serve passengers in Colombia as well as across the Avianca network,” Tom Baker, CEO and president of Aviation Capital Group, said.

“Avianca’s plan is to connect Colombia and Latin America with the world. We celebrate our growing partnership with ACG and the incorporation of these eight additional aircraft to Avianca’s fleet, which will then be composed of 150 aircraft – passenger and freighters,” Adrian Neuhauser, president and CEO of Avianca, said.