Aviation Capital Group (ACG), a California-based commercial aircraft leasing, announced that it has placed follow-on orders with Airbus for 35 additional A320 family aircraft, consisting of 30 A320neo family aircraft, 2 A320ceo aircraft and 3 A321ceo aircraft. ACG also secured the option to purchase 10 additional A320neo aircraft.
Khanh T. Tran, CEO of ACG, stated: “The A320 Family is one of the prime building blocks of our portfolio growth strategy.“
Including this commitment, ACG and its subsidiaries have ordered a total of 158 A320 Family aircraft directly from Airbus, consisting of 61 A320neo Family and 97 A320ceo Family aircraft. Of the 158 aircraft ordered, 66 aircraft have yet to be delivered.
John Leahy, Airbus Commercial Aircraft Chief Operating Officer Customers, commented: “It’s a pleasure to see ACG renew its confidence in the fuel efficient A320 Family. ACG will be able to offer its airline customers the latest and most advanced A320s that will notably deliver unmatched comfort to passengers. This order confirms that the A320 Family is a fantastic long term asset and investment in the portfolio of lessors.”
Aviation Capital Group is an asset manager with approximately 415 owned, managed and committed aircraft, which are leased to approximately 90 airlines in approximately 40 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company.