Showing posts with label Aviation Capital Group. Show all posts
Showing posts with label Aviation Capital Group. Show all posts

Thursday, 30 December 2021

60 aircraft order for Airbus from Aviation Capital Group

The Global aircraft leasing specialists Aviation Capital Group has agreed on a deal in principle with European planemaker Airbus for 60 aircraft. The Memorandum of Understanding was signed 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.  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.

The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines. Featuring a 50% reduced noise footprint and up to 25% lower fuel burn per seat compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards, the A220 is a great aircraft for regional as well as long-distance routes operations.

Wednesday, 1 December 2021

Aviation Capital Group becomes a Silver Level sponsor of rapid-response nonprofit organization

Aviation Capital Group, a leading aircraft asset manager has confirmed its sponsorship at the “Silver Level” of Airlink, a rapid-response nonprofit organization that coordinates with airlines and non-governmental organizations to provide free and heavily subsidized airlift to a network of over 130 humanitarian relief nonprofit organizations supporting communities in the aftermath of natural and man-made disasters worldwide.

“The global aviation industry connects the world.  Airlink’s mission underscores how this connectivity can be harnessed to bring critical relief to communities in desperate need.  ACG’s core values are grounded in social responsibility and we are proud to support Airlink in its service to these communities,” said Tom Baker, CEO and president of ACG.

“We are thrilled that Aviation Capital Group has become an Airlink sponsor,” said Steven J. Smith, President and CEO of Airlink. “I want to thank the ACG team for their generous support, which will help bring humanitarian aid and hope to millions of people across the globe.” 

Airlink provides free and heavily subsidized flights and air transport for pre-screened nonprofits to deliver disaster responders and supplies in the wake of humanitarian crises worldwide. Its network includes more than 130 aid organizations and 47 commercial and charter airlines. Its first mission was in response to the Haiti earthquake. Since its inception in 2010, Airlink has provided flights for nearly 8,000 relief workers and transported more than 4,000,000 pounds of humanitarian cargo. In 2020 the humanitarian aid Airlink moved assisted 5.5 million people.

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