At the eve of the last day of this year, Aviation Capital Group signed a Memorandum of Understanding (MoU) with Airbus for twenty A220s and a firm contract for 40 A320neo family aircraft, including five A321XLRs.
Airbus, therefore, closes the year with another great deal, following good sales results for much of 2021, with Dubai Airshow being a key factor, which included orders for more than 100 aircraft. For California-based Aviation Capital Group, the order increases its portfolio with the European manufacturer from 39 to 99 aircraft.
See also: Dubai effect: Airbus closed November with 318 net orders and 58 aircraft deliveries
“We are thrilled to expand our portfolio with additional A220 Family and A320neo aircraft. These state-of-the-art aircraft will enhance ACG’s strategic goal of offering our airline customers the most modern, fuel-efficient aircraft available,” said Thomas Baker, ACG’s CEO and President.
“The order is another rewarding endorsement of our single-aisle products by one of the world’s leading aircraft asset managers, ACG and Tokyo Century Group. It also strongly confirms the A220 as an increasingly highly desirable aircraft and investment in the business aviation industry landscape. We congratulate and thank ACG for its decision to select the A220 and A320neo families,” added Christian Scherer, Chief Commercial Officer and Head of Airbus International.
The A220 has been gaining increasing interest among airlines. airBaltic is one of the largest operators of the model with 32 aircraft and is one of ACG’s customers. The aircraft covers the 100-150 seat market, is powered by Pratt & Whitney PW1500G turbofan engines, and consumes 25% less fuel per seat compared to previous generation aircraft.
The order for the A320neo family consists of 35 A320neo and A321neo, the other five will be A321XLRs. The latter model will broaden its portfolio offering to potential customers who want a narrow-body aircraft for long-range routes. In Latin America, ACG counts Avianca, JetSMART, LATAM, VivaAerobus, VIVA Air Colombia, and Volaris as customers for the family.
Through this order, ACG supports Airbus’ recently launched multi-million ESG fund initiative that will contribute to investment in sustainable aviation development projects.
