Aviation Capital Group Signs Agreements for 60 Airbus Aircraft

Aviation Capital Group signed a memorandum of understanding 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,” Thomas Baker, CEO and president of Aviation Capital Group, said.

“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,” Christian Scherer, chief commercial officer and head of Airbus International, said.

The A220 is built for the 100-150 seat market and includes Pratt & Whitney’s PW1500G-geared turbofan engines. The aircraft features a 50% reduced noise footprint and up to 25% lower fuel burn per seat compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards.

The A320neo family has a 99.7% operational reliability rate. The A320neo family incorporates new generation engines and Sharklet wing tip devices while offering 18-inch-wide seats in economy as standard. The A320neo family provides operators with at least a 20% reduction in fuel consumption and CO2 emissions. The A321XLR version provides a further range extension to 4,700 nautical miles. This gives the A321XLR a flight time of up to 11 hours.

With this order, Aviation Capital Group is supporting Airbus’ recently launched multi-million-dollar ESG fund initiative that will contribute toward investment in sustainable aviation development projects.

Founded in 1989, Aviation Capital Group is an aircraft asset manager with more than 400 owned, managed and committed aircraft as of Sept. 30, 2021, which are leased to approximately 90 airlines in approximately 45 countries. Aviation Capital Group is a wholly-owned subsidiary of Tokyo Century Corporation.

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