Industry Aviation Capital Group pens deal for 60 Airbus aircraft

Aviation Capital Group (ACG) has signed a Memorandum of Understanding with Airbus for a total of 20 A220s and a firm purchase agreement for 40 Airbus A320neo Family aircraft, including five of Airbus latest´ A321XLRs.

It was the last order for the European manufacturer in 2021 who caps off a successful year in the right way. Aviation Capital Group is a full-service aircraft lessor which is wholly owned by Tokyo Century Corporation.

Thomas Baker, CEO and President of ACG, commented: “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.”

The order is also a commitment toward the multi-million-dollar ESG fund initiative that was launched by Airbus. ACG is supporting this fund with the order and helps to fund sustainable aviation development projects.

Christian Scherer, Chief Commercial Officer and Head of Airbus International, added: “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.”

With the Airbus A220, Airbus has acquired a leading aircraft program in the 100-150 seat market. The aircraft are powered by Pratt & Whitney PW1500G engines, which allow a lower noise footprint and more sustainable operations with 25% less fuel burn per seat compared to previous generation aircraft.

The A320neo Family has been a story of success for the manufacturer and Airbus continues to develop new differentiated variants to meet the exact demands of airlines around the world. Recently, the manufacturer announced that the first Airbus A321XLR has begun its final assembly in Hamburg-Finkenwerder.