Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a Memorandum of Understanding (MoU) for 20 A220s and a firm contract for 40 A320neo Family aircraft, of which five are A321XLRs.
“We are delighted to expand our portfolio with additional A220 and A320neo Family aircraft,” said Thomas Baker, CEO and President of ACG.
“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 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,” said Christian Scherer, Chief Commercial Officer and Head of Airbus International.
“We congratulate and thank ACG for its decision to select both the A220 and A320neo Families.”
With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.