LONDON – Aviation Capital Group, an aircraft leasing company owned by Tokyo Century Corporation, has signed an Memorandum of Understanding (MoU) and firm contract with Airbus. The MoU covers 20 A220s, with the firm contract for 40 A320neo family aircraft. Five of the A320 family orders 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.
This order will support Airbus’ recently launched ESG fund. This contributes towards investment into sustainable aviation development.
