03 July, 2021

Aviation Capital Group deliver second A320neo to Volaris

Aviation Capital Group, one of the global leaders in aircraft asset management have confirmed the delivery of a new Airbus A320neo aircraft on a long-term lease to Volaris. 

This aircraft, featuring Pratt & Whitney PW1100G-JM engines and is the second A320neo ACG has delivered to Volaris as part of a multi-aircraft transaction between ACG and the airline.

Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 400 owned, managed and committed aircraft as of March 31, 2021, which are leased to approximately 85 airlines in approximately 40 countries. ACG is a wholly-owned subsidiary of Tokyo Century Corporation.

Volaris, is an ultra-low-cost airline with flights throughout Mexico, the US, Costa Rica, Guatemala, and El Salvador. Volaris offers low-cost airline tickets to develop the market, offering Customers high-quality service and a wide range of products.

The firm started in 2003 when the Discovery Americas I and Columbia Equity Partners investment funds joined forces with TACA Airlines to create a new ultra-low-cost Mexican airline. The first flights took to the skies for the first time on March 13, 2006, with the inaugural Toluca-Tijuana flight. On July 12 of the same year, the World Bank, through its financial arm in Latin America, granted $40 million in funding bringing the total investment up to $130 million.

The ownership structure of Volaris these days is made up of a diverse group of both Mexican and international partners in addition to a public portion of the group. The airline flies the youngest fleet in Mexico with an average aircraft age of 5 years. The fleet is made up of over 90 Airbus aircraft, a few A319s, A320s and A321s and was also the first airline in North America to incorporate the A320neo, which operates with a lower environmental impact and greater efficiency.

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