Aviation Capital Group expands order for Boeing 737 MAX portfolio by 35 Jets

 Boeing and Aviation Capital Group LLC have inked a deal today for an order of 35 737 MAX jets, including 16 737 MAX 8 and 19 of the larger 737 MAX10 variant. Following an incremental 737 MAX order last year, this new purchase increases ACG's 737 MAX commitment to 82 orders as ACG seeks to profit from growing travel demand. 

"This firm order for additional 737 MAX aircraft enhances the strategic value of ACG's order book, supports a key pillar of our growth strategy and reinforces our commitment to invest in modern and fuel-efficient aircraft technology," said Thomas Baker, Chief Executive Officer and President at ACG. "We look forward to supporting our airline customers throughout the world with these highly versatile and fuel-efficient aircraft."

The 737 MAX 8 can carry up to 210 passengers based on the tightest configuration, while the 737 MAX 10, the largest 737 MAX model is said to accommodate 230 passengers with a range of 3,100 nautical miles.  

"Today's repeat order demonstrates market demand for the 737 MAX family of aeroplanes as ACG's customers seek to operate flexible, fuel-efficient fleets," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "ACG has been a longstanding, valued partner on the 737 MAX program, and we look forward to working together to deliver the latest aeroplane technology to its airline customers."

Aviation Capital Group is one of the world's premier full-service aircraft asset managers with over 480 owned, managed and committed aircraft as of March 31, 2024, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

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Cebu Pacific gets another new Airbus jet.

Aviation Capital Group LLC has announced the delivery of one A321neo aircraft on long-term lease to Cebu Pacific. Powered by the ultra-efficient Pratt & Whitney GTF engines, the aircraft was delivered to the airline as part of a sale-leaseback transaction between ACG and Cebu Pacific.

“We are thrilled to finalize this sale-leaseback transaction with Cebu Pacific and contributing to Cebu’s continued success in the dynamic Asia-Pacific market, while also nurturing future growth in our partnership,” said Ryan Barret, Senior Vice President and Head of Marketing at ACG.

“We are delighted to be able to work with ACG on this transaction and look forward to seeing the partnership grow over time,” said Mark Julius Cezar, Chief Financial Officer at Cebu Pacific.

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ACG delivers a new Airbus A321neo to Volaris

Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one A321neo aircraft on long-term lease to Volaris. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the third of four aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Volaris.

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs.

One new Airbus A321neo delivered to Condor

Aviation Capital Group LLC, a premier global full-service aircraft asset manager, has confirmed the delivery of one A321neo to Condor Flugdienst. The jet is powered by the ultra-efficient Pratt & Whitney GTF engines and is the first of four aircraft scheduled to be delivered to the airline by ACG.

“It is with great pride and enthusiasm that we commemorate the delivery of Condor Flugdienst’s first Airbus A321neo. This milestone marks a significant achievement in our flourishing partnership with Condor, an airline renowned for its exceptional service and operational excellence. Our collaboration continues to strengthen, driven by shared values and a mutual commitment to innovation, customer satisfaction, and the environment,” said Carter White, ACG Executive Vice President and Chief Commercial Officer.

"After the first A320neo joined Condor’s fleet in April, we are now delighted to take delivery of the first A321neo with ACG, which will be the backbone of our short-medium haul fleet," said Björn Walter, CFO of Condor. "With the continuation of the fleet renewal on short and medium-haul routes, Condor will soon be operating the most modern fleet in Europe."

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Aviation Capital Group announces delivery of an Airbus A320neo to SAS

Aviation Capital Group, a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines. Featuring CFM International LEAP-1A engines, this is the last aircraft scheduled to deliver to the airline as part of a 12-aircraft sale-leaseback transaction between ACG and SAS.

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with approximately 480 owned, managed and committed aircraft as of March 31, 2024, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

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Aviation Capital Group promotes Rob Downes to Chief Investment Officer and John Nally to Head of Aircraft Trading

Aviation Capital Group, a premier global full-service aircraft asset manager, is pleased to announce the promotions of Rob Downes and John Nally to key leadership positions effective today.

Rob Downes, currently Head of our Aircraft Trading business, has been promoted to the newly created position of Senior Vice President and Chief Investment Officer and will join ACG’s Senior Leadership Team. In his new role, Rob will help design and implement strategic and asset investment activities to drive ACG’s continued growth and profitability.

John Nally, a member of our Trading team since 2021, has been promoted to Vice President, Head of Aircraft Trading. John will lead the company’s aircraft trading initiatives, spearheading efforts to optimize ACG’s asset portfolio and strengthen its position in the global aviation market.

“Rob and John have been key to the execution of ACG’s commercial strategy for the past several years, demonstrating sound understanding of the market, exceptional leadership, and solid execution. Their promotions reflect ACG’s commitment to developing, enabling and advancing talent within our business. We are excited for the significant positive impact they will have in their expanded roles,” said Thomas Baker, CEO and President of ACG.

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Aviation Capital Group announces key leadership promotions.

Aviation Capital Group, the global aircraft asset manager, has announced the promotions of Rob Downes and John Nally to key leadership positions effective immediately.

Rob Downes, currently Head of our Aircraft Trading business, has been promoted to the newly created position of Senior Vice President and Chief Investment Officer and will join ACG’s Senior Leadership Team.  In his new role, Rob will help design and implement strategic and asset investment activities to drive ACG’s continued growth and profitability.

John Nally, a member of our Trading team since 2021, has been promoted to Vice President, Head of Aircraft Trading.  John will lead the company’s aircraft trading initiatives, spearheading efforts to optimize ACG’s asset portfolio and strengthen its position in the global aviation market.

“Rob and John have been key to the execution of ACG’s commercial strategy for the past several years, demonstrating sound understanding of the market, exceptional leadership, and solid execution.  Their promotions reflect ACG’s commitment to developing, enabling and advancing talent within our business.  We are excited for the significant positive impact they will have in their expanded roles,” said Thomas Baker, CEO and President of ACG.

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SKY Airline gets a new Airbus A321neo jet on long-term lease

Aviation Capital Group, a global full-service aircraft asset manager, confirmed the delivery of one new Airbus A321neo aircraft on long-term lease to SKY Airline. This jet features CFM International LEAP-1A engines and is the second of two aircraft scheduled to be delivered to the airline.

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. 

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Aviation Capital Group Announces Delivery of One A321neo to SKY Airline

-Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A321neo aircraft on long-term lease to SKY Airline. Featuring CFM International LEAP-1A engines, this is the first of two aircraft scheduled to be delivered to the airline.

“We are very happy to support SKY Airline with the delivery of this A321neo, enabling it to expand its network and to have one of the most modern fleets in the Americas. When SKY Airline transitioned to the A320 family, the first A320ceo operated by SKY Airline was leased by ACG and after several years, we are proud to reinforce our partnership with the delivery of this A321neo,” said Armando Belchior Nunes, ACG Vice President Marketing for Latin and South America.

“We are happy to add a new Airbus 321neo into our fleet. We want to thank ACG for being once again a partner in SKY’s history, which allows us to continue expanding our network and having the most modern and efficient fleet on the continent,” said Juan Pablo Latorre, CFO SKY Airline.

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs.

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One A320-200 arrives for Canada Jetlines

Aviation Capital Group has confirmed the delivery of one Airbus A320-200 on long-term lease to Canada Jetlines. 

“ACG is proud to broaden its footprint in North America and is pleased to welcome Canada Jetlines as a new lessee,” said Alan Mangels, Vice President of Marketing for ACG. “We look forward to this new, long-term partnership.”

“Canada Jetlines is delighted to join forces with ACG as we continue to strengthen our fleet and expand our reach,” said Eddy Doyle, CEO of Canada Jetlines. “This partnership exemplifies our dedication to working with industry leaders.”

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, ACG provides aircraft asset management solutions tailored to meet our customers’ fleet management needs. The firm has approximately 490 owned, managed and committed aircraft as of December 31, 2023, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

Canada Jetlines, is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

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Aviation Capital Group Publishes ESG Report for 2023

Aviation Capital Group LLC  announced this week the publication of its annual Environmental, Social and Governance Report, for the year ended December 31, 2023.

“This year, we moved up publication of the Report to accompany the release of our annual financial statements, underscoring how our commitments to sustainability, social responsibility, and sound governance are inexorably linked to our financial performance,” said Thomas Baker, CEO and President of ACG. “The Report details several initiatives and programs we have established and highlights some of the strategic partnerships and investments we made during 2023.”

In 2023, ACG carried out its first sustainability materiality assessment, which is detailed in the Report. The insights and perspectives gained from this assessment will shape the trajectory of ACG’s ESG strategy and help frame ACG’s action plan for serving each of its key stakeholders.

“This Report embodies our unwavering dedication to environmental stewardship, social responsibility, and governance excellence, reflecting our pledge to create enduring value for all stakeholders,” said Gordon Grant, Vice President and Head of ESG at ACG. “It marks a milestone in our journey toward sustainability, demonstrating the concrete steps we are taking as we prepare to implement our ESG action plan."

The ESG Report can be found on our website at www.aviationcapital.com/investors/

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Aviation Capital Group delivers a Boeing 737-800 to Yukon’s Airline - Air North,

Leasing giant Aviation Capital Group has confirmed the delivery of one Boeing 737-800 aircraft to Whitehorse, Yukon Territory Canada-based Air North, Yukon’s Airline. 

“We are thrilled to welcome Air North as a new customer for ACG and look forward to participating in the airline’s almost 50-year history by providing important air transportation to the Yukon Territory residents and visitors,” said Alan Mangels, Vice President of Marketing for ACG.

“With today’s increasing focus on the environment, moving ahead to Next Generation Boeing 737’s is a significant step for us. Passengers will be impressed by the contemporary, comfortable cabin, and the fuel efficiency and other cost savings will help us to deliver a great product at a fair price for years to come,” said Joseph Sparling, CEO and co-founder of Air North.

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. 

Another new Airbus jet for Spirit.

Spirit Airlines has taken delivery of one new Airbus A321neo aircraft on long-term lease basis from Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager.  The new jet is powered by ultra-efficient Pratt & Whitney GTF engines and is the fourth of four aircraft ordered from ACG and taken from their existing orderbook with planemaker Airbus.

ACG is one of the globe's leading aircraft leasing firms, with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries.

The budget carrier recently celebrated twenty years of flying between the U.S. and Mexico, with its routes to  Cancun International Airport.  "For 20 years, we've been pleased to offer our Guests affordable, nonstop service to Cancun, making the popular beach destination more accessible and affordable with the opportunity to save on airfare while enjoying more of Cancun's tourist attractions," said John Kirby, Vice President of Network Planning at Spirit Airlines. "We're grateful to Cancun International Airport and our Guests in Southeast Mexico for embracing our business model and trusting us with their travels for the past two decades."

Spirit currently offers nonstop service from Cancun to nine cities in the United States: Baltimore (BWI), Chicago (ORD), Dallas (DFW), Detroit (DTW), Fort Lauderdale (FLL), Houston (IAH), Orlando (MCO), New Orleans (MSY) and Philadelphia (PHL). 

Another new Airbus jet for SAS

             Aviation Capital Group, a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (“SAS”). Featuring CFM International LEAP-1A engines, this is the ninth of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs.

Aviation Capital Group confirms delivery of an Airbus A321ceo to Viva Aerobus

Aviation Capital Group has confirmed the lease of an Airbus A321ceo aircraft to Viva Aerobus

Aviation Capital Group has confirmed the delivery of one Airbus A321ceo aircraft on lease to Viva Aerobus. This is the eighth Airbus A320 family aircraft currently leased by ACG to Viva Aerobus.  “We are very pleased to continue growing our relationship with such a valuable partner as Viva Aerobus,” said Armando Belchior Nunes, ACG’s VP of Marketing, Latin America.

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

November  traffic performance

Viva Aerobus’ passenger traffic increased 13.0% compared to November 2022, reaching 2.2 million passengers, driven by an increase of 14.1% and 3.2% in domestic and international traffic, respectively. Load factors reached 86.8% compared to 85.9% in 2022, with a load factor mix of 88.1% and 80.2% in domestic and international, respectively.

Viva Aerobus grew its total capacity in available seat miles (ASMs) by 12.0% compared to November 2022, reflecting an increase of 13.5% and 4.8% in domestic and international, respectively.

“November traffic was robust, with passenger demand outpacing capacity growth, allowing us to maintain a healthy load factor of 86.8%. As we close the year, demand trends remain positive in domestic and international markets, supporting our disciplined growth. Moving forward, we are managing the variables in our control to partially mitigate the impact of Pratt & Whitney GTF engine inspections on our operation, with the second phase starting in early 2024.” said Juan Carlos Zuazua, CEO of Viva Aerobus.

Viva Aerobus Official Site | 

Aviation Capital Group confirms delivery of one Airbus A320neo to SAS

Aviation Capital Group announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines. Featuring CFM International LEAP-1A engines, this is the seventh of ten aircraft scheduled to be delivered to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

ACG deliver the 6th of 10 Airbus jets to SAS

Aviation Capital Group, one of the world’s premier full-service aircraft asset managers with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries, has just confirmed the delivery of one new Airbus A320neo to SAS.

The jet aircraft is on long-term lease to Scandinavian Airlines and is powered by CFM International LEAP-1A engines. This is the sixth of ten aircraft scheduled to be delivered to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

Aviation Capital Group confirms delivery of a new Airbus A321neo to Volaris

Aviation Capital Group has confirmed the delivery of one new Airbus A321neo aircraft on long-term lease to Volaris. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the first of four aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Volaris.

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

Volaris, the low-cost airline recently released details of its third quarter results which a 10% increase on total operating revenues of $848 million, with available seat miles up 8.2% to 10.1 billion.  Net loss of $39 million with EBITDAR of $207 million.

Enrique Beltranena, President and chief Executive Officer, said: “Volaris' performance in the third quarter showed resilience, resulting in revenue growth. This growth was mainly due to increased passenger volumes and record-high ancillary revenue per passenger. We achieved this by maintaining strong cost control, especially when it came to non-fuel expenses.

Despite facing challenges related to Pratt & Whitney's GTF preventive accelerated inspections, Volaris is fully committed to ensuring the safety, financial stability, and long-term success of our airline. We are actively addressing the global issue of engine inspections affecting multiple airlines and are working closely with Pratt & Whitney to obtain the necessary technical support and financial compensation for the affected engines.

We’ve developed a mitigation plan to partially offset the impact. Our focus for 2024 is to maximize unit revenues and margins while optimizing our network to the best extent possible given the current environment.”

 

Aviation Capital Group delivers an Airbus A320neo to SAS

Aviation Capital Group LLC announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines. This new jet is powered by CFM International LEAP-1A engines, this is the fifth of ten aircraft scheduled to be delivered to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. 

Aviation Capital Group Announces Delivery of One A320neo to FlyArystan

Aviation Capital Group announced the delivery of one new Airbus A320neo aircraft on long-term lease to FlyArystan. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the third of three aircraft to be delivered to the airline from ACG’s order book with Airbus.

“ACG is thrilled to deliver another A320neo to Air Astana and FlyArystan,” said Claudio Cheinquer, ACG Vice President Marketing for Eastern Europe, Central Asia and Middle East. “This is the third new A320neo on lease from ACG to Central Asian low-cost carrier, FlyArystan, a sustainable and very cost-effective platform that will help the airline maintain its growth trajectory.”

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with over 480 owned, managed and committed aircraft as of June 30, 2023, leased to roughly 90 airlines in approximately 45 countries. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.