NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Aviation Capital Group LLC (“ACG”), announced today that it has signed a Memorandum of Understanding (MoU) 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,” said Thomas Baker, CEO and President of ACG.
“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,” said Christian Scherer, Chief Commercial Officer and Head of Airbus International.Read more