Aviation Capital Group becomes a Gold Level sponsor of Airlink

Aviation Capital Group has confirmed its $50,000 sponsorship at the “Gold Level” to Airlink. Airlink is a rapid-response nonprofit organization that coordinates with airlines and non-governmental organizations (“NGOs”) to provide free airlift and logistical services to a network of over 150 humanitarian relief nonprofit organizations. Those NGOs support communities in the aftermath of natural and man-made disasters worldwide, such as the devastating 7.8 magnitude earthquake that struck the Türkiye-Syria border on February 6, 2023.

“ACG’s core values are grounded in social responsibility, and we are extremely proud to support Airlink as a Gold Level sponsor,” said Mahoko Hara, Executive Chair of ACG.  “Airlink continues to demonstrate its effectiveness in bringing together unique capabilities of the global aviation community to NGO partners to rapidly provide critical relief to communities in desperate need.”

“We’re very proud to continue our long-standing partnership with Airlink in support of its work and for this opportunity to partner with them in supporting vulnerable communities globally,” said Gordon Grant, Vice President and Head of ESG at ACG.

“We are deeply grateful to Aviation Capital Group and their team for their generous support of Airlink and our critical mission,” said Steve Smith, Airlink President and CEO. “Whenever Airlink seeks assistance from the aviation industry to support humanitarian operations, the response is always positive, I feel very proud to be a part of such a dynamic and compassionate sector.” 

Aviation Capital Group delivers a new Airbus A320neo to SAS

Aircraft leasing giant - Aviation Capital Group has confirmed the delivery of one new Airbus A320neo aircraft on long-term lease to SAS Scandinavian Airlines. This aircraft is powered by CFM International LEAP-1A engines and is the second of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 470 owned, managed and committed aircraft as of December 31, 2022, which are leased to approximately 95 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.

With summer just around the corner, SAS continues to ramp up by offering customers an additional 10 European routes as well as adding frequencies to popular Mediterranean destinations such as Alicante, Malaga, Mallorca, Split and Sicily. These additional destinations come on top of 20 new, previously announced routes.

SAS continues to plan for a busy summer to Italy with up to seven daily flights from Scandinavia to Milan and more flights from Copenhagen to Florence and Naples. SAS is adding more domestic flights from Oslo to Bergen, Stavanger, Trondheim and Ålesund as well as more flights from Copenhagen to Ålesund. More seats and flights are also offered between Stockholm and Helsinki.

“We are delighted to welcome our passengers back and seeing the desire to travel continuing to rise. SAS is increasing capacity this summer, adding more routes and additional flights to popular destinations. We are also glad to return to beautiful Tokyo with three weekly flights in June and to launch our new routes to Newark,” says Erik Westman, EVP Network and Revenue Management.

Source  Business Wire / SAS

A new Airbus A321neo delivered to Frontier Airlines

Leasing giant Aviation Capital Group has delivered one new Airbus A321neo aircraft on long-term lease to Frontier Airlines. The jet is powered by the ultra-efficient Pratt & Whitney GTF engines, this is the second of seven A321neo aircraft scheduled to deliver to the airline from ACG’s order book with Airbus. 

Traditional to Frontier Airlines, this A321neo will unveil a new special livery with ‘Bori the Coqui Llanero’ painted on the tail.

Aviation Capital Group Announces Delivery of One 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 first of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

“ACG is honoured to welcome SAS as a renewed strategic partner. We are delighted to support the SAS FORWARD transformation plan with this sale-leaseback transaction for this latest technology and fuel-efficient aircraft,” said Tom Baker, CEO and President of ACG.

“We continue to make progress with our transformation plan and these new sale-leaseback agreements are an important part of that – securing competitive financing for our renewed fleet of modern and fuel-efficient aircraft. We are pleased to renew our long-term strategic partnership with ACG, one of the world’s leading aircraft financing partners,” said Anko van der Werff, President and CEO of SAS.

Alan Mangels joins Aviation Capital Group as new Vice President of Marketing

Aviation Capital Group has confirmed that Alan Mangels has joined the company as Vice President of Marketing for ACG. Mr. Mangels was previously with CDB Aviation and also spent a number of years at Rolls-Royce and Airbus. Mr. Mangels will be responsible for covering the North American region.

ACG is delighted to announce the appointment of Alan Mangels as Vice President, Marketing,” said Carter White, Chief Revenue Officer. “Alan has an impressive track record of developing aircraft lease placement and sale-leaseback opportunities in the marketplace and we look forward to his future contributions to ACG. This appointment also continues to reflect the strong emphasis ACG places on the recruitment of top industry talent as we maintain a global sales and marketing team with experience across the core competencies of the aircraft operating leasing business to deliver long-term sustainable growth.”

“I am both humbled and honoured to be joining a team of such accomplished aviation professionals at ACG. I am also excited to work with our airline customers and further contribute to ACG’s growth and success,” said Alan Mangels.

Frontier Airlines gets a brand new Airbus A321neo aircraft......

Aviation Capital Group has delivered a brand new Airbus A321neo aircraft on long-term lease to Frontier Airlines. This jet is powered by the ultra-efficient Pratt & Whitney GTF engines and is the first of seven A321neo aircraft scheduled to deliver to the airline from ACG’s order book with Airbus. Traditional to Frontier Airlines, this A321neo has a new special livery with “Ozzy the Orca” painted on the tail.

“We are delighted to deliver this new Airbus A321neo aircraft to Frontier Airlines, and we look forward to continuing to build on our strong relationship with the airline,” said Ross Campbell, Vice President of Marketing for ACG. “This aircraft will provide fuel efficiency, passenger comfort, and supports Frontier Airlines’ commitment to ensuring the sky is for everyone – offering a superior level of ultra-low-cost service.”

“We are pleased to expand our long and valued relationship with ACG through the delivery of this new A321neo,” said Robert Fanning, Vice President - Fleet, Frontier Airlines. “The highly fuel-efficient A321neo aircraft are helping to further our sustainability mission as America’s Greenest Airline as we continue to expand our fleet.”

Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 480 owned, managed and committed aircraft as of September 30, 2022, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.

Mahoko Hara, executive chair of Aviation Capital Group, honoured with the 2023 AWAR Trailblazer Award

Aviation Capital Group Executive Chair, Mahoko Hara, has received the 2023 Trailblazer Award from Advancing Women in Aviation Roundtable. 

AWAR is a non-profit corporation on a mission to engage with CEOs and other senior executives to build awareness and develop actionable strategies to promote the development and advancement of women leaders in the aviation industry. The award recognizes individuals who have made extraordinary contributions to the advancement of women in aviation, their work in and around ESG, or who have personally broken the “glass ceilings” within their respective organizations.

“We are delighted to present Mahoko Hara with the 2023 AWAR Trailblazer Award,” said Emily Wicker, president of AWAR. “Her career long commitment to DE&I and her work to advance women in aviation are exemplary and provide a roadmap for others to follow. She is truly deserving of this award and an inspiration to others.”

Mahoko is the Executive Chairperson of ACG and is also a Senior Managing Executive Officer and a member of the Board of Directors of Tokyo Century Corporation (“TC”). Mahoko assumed the Executive Chair role in December 2019 following TC’s acquisition of ACG.

Mahoko joined TC in 2011 and has been responsible for strategic planning and cross-border M&A for TC’s specialty finance businesses with particular focus on the aviation sector. Prior to joining TC, Mahoko worked for Shinsei Bank and Citibank specializing in structured credit and asset finance. Prior to these roles, Mahoko was with Dai-Ichi Kangyo Bank (now Mizuho Bank) fulfilling a variety of roles in corporate and investment banking, including several years in the London and New York offices.

Aviation Capital Group Announces Delivery of One A320neo to JetSMART

Aviation Capital Group have announced the delivery of one new Airbus A320neo aircraft on long-term lease to JetSMART. This aircraft featuring Pratt & Whitney PW1127GA-JM engines delivers from ACG’s order book with Airbus.

“We are pleased to continue developing our partnership with JetSMART with this A320neo delivery. We are honored to support JetSMART’s fleet expansion with this modern, fuel-efficient aircraft,” said Marine Benoit, ACG Vice President Marketing for the Latin American region.

“This new A320neo, with the most efficient and advanced technology, shows our commitment to the development of our sustainable ultra-low-cost business in South America. One more step closer to our goal of 100 aircraft by 2028,” said Estuardo Ortiz, CEO of JetSMART.

Aviation Capital Group deliver a Boeing 737-9 MAX to Copa Airlines

Aviation Capital Group LLC announced at the end of last week the delivery of one new Boeing 737-9 MAX aircraft on long-term lease to Copa Airlines. This Boeing 737 MAX aircraft, powered by CFM International LEAP-1B engines, is part of a multiple-aircraft sale-and-lease-back transaction between ACG and Copa Airlines and is the ninth Boeing aircraft currently on lease from ACG to the airline.

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FlyArystan gets a new Airbus A320neo

Aviation Capital Group Announces Delivery of One A320neo to FlyArystan (Photo: Business Wire)

Aviation Capital Group confirmed the delivery of one new Airbus A320neo aircraft on long-term lease to FlyArystan. This aircraft, featuring Pratt & Whitney PW1127GA-JM engines, is the first A320neo that ACG has delivered to FlyArystan.

“ACG is very excited to be a partner of Air Astana and FlyArystan in this momentous occasion,” said Claudio Cheinquer, ACG Vice President Marketing for Central Asia, Middle East and Africa. “This is the airline’s first new A320neo from Airbus’ assembly line, and it marks a major milestone evidencing the airline’s successful growth trajectory.”

“FlyArystan is the first low-cost carrier in Central Asia. We operate more than 60 domestic and international destinations with a fleet of 11 A320s. With the arrival of our 12th aircraft, our first new Airbus A320neo, FlyArystan will expand our route network and will offer affordable flights to a larger market,” said Adrian Hamilton-Manns, Managing Director at FlyArystan. The increased seat capacity from 180 to 188 seats per aircraft is the most significant eco-project in the FlyArystan profile. This new aircraft, which we have named Leo, will be the first of 7 committed A320neo Family aircraft and will start the era of young generation fleet. The A320neo Family aircraft will enable us to lower fares and encourage more people to travel. It’s a very exciting time for FlyArystan.”

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Aviation Capital Group releases inaugural ESG report

Aviation Capital Group has released its first Environmental, Social and Governance (“ESG”) Report, for the year ended December 31, 2021.

ACG is proud to prioritize sustainability and ESG responsibility. We are committed to researching and implementing ways to build a cleaner future, maintain a successful, sustainable business and retain a great work environment for our employees. The aviation industry has some important targets, and we are excited to be a part in reaching, and hopefully surpassing, those goals.

“On behalf of everyone at ACG, I am very pleased to present our inaugural ESG report, which details the Company’s focus on equity, engagement and sustainability,” commented Thomas Baker, CEO & President. “This report highlights specific initiatives we’ve developed to advance our ESG goals, as well as collaboration with others to work toward a better future. As we continue to build our ESG platform at ACG, we are excited to see the near- and long-term impact our actions have on our company, our communities and the aviation industry.”

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

Aviation Capital Group Announce Order for 12 Boeing 737 MAX Aircraft

Aviation Capital Group and Boeing yesterday at the Farnborough International Airshow announced ACG is growing its 737 MAX portfolio with an order for 12 additional 737-8 MAX aircraft. As the travel market recovers, ACG is increasing its 737-8 offering to meet airline demand for modern, fuel-efficient, and sustainable operations. The order was previously unidentified on Boeing’s Orders and Deliveries website.

“This latest incremental 737 MAX order allows ACG to offer highly fuel-efficient aeroplanes to our airline customers around the world,” said Mahoko Hara, ACG Executive Chair. “These additional 737 MAX aircraft will help position ACG’s order book for a recovery in air traffic coming out of the pandemic.”

Today’s announcement will see ACG expand its 737 MAX order book to 34 aeroplanes, building upon an order for nine 737-8s in May 2022. Boeing is seeing strong market demand for the 737 MAX family, with more than 1,000 gross orders across all models since late 2020.

“The 737 MAX family strengthens ACG’s narrowbody portfolio, providing operators with excellent fuel efficiency and flexibility across different networks,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. “Topping up with additional 737-8s positions ACG well to respond to growing airline demand. We look forward to more opportunities to expand our relationship to support ACG and their customers.”

The 737-8 is a member of the 737 MAX family, which is designed to offer more fuel efficiency, reliability, and flexibility in the single-aisle market. The aeroplane can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers. Compared to the aeroplanes it replaces, the 737-8 also delivers superior efficiency, using 20% less fuel and significantly reducing CO2 emissions and operating costs.

Aviation Capital Group and the ISTAT Foundation Launch Diversity and Inclusion Fund

Aviation Capital Group LLC announced this week that, together with the International Society of Transport Aircraft Trading Foundation, it has established a Diversity and Inclusion Fund to provide scholarships, internships and other school, networking, mentoring and career resources to aviation-focused students in Africa and female aviation-focused students in South America. In addition, universities in these regions developing STEM-related programs to support students toward an entry into aviation can benefit from this Fund.

Funded by ACG and managed by the ISTAT Foundation, the Fund aims to break down barriers that these diverse scholars would typically face, helping them enter the aviation industry and be successful in it.

"ACG is proud to support the ISTAT Foundation through the endowment of this Fund, which will invest in global aviation’s future leaders," said Tom Baker, CEO and president of ACG. "The Fund’s focus on diversity and inclusion helps ensure that our industry’s continued growth will be informed, enriched and supported by a broad spectrum of backgrounds, cultures and perspectives."

“The ISTAT Foundation is very pleased and grateful to partner with ACG on this important initiative related to Diversity and Inclusion. After establishing a dedicated D&I Committee within the ISTAT Foundation looking after internal structures and external giving programming focused on D&I, this is a logical and first step in embedding D&I into our DNA,” said Peter Huijbers, ISTAT Foundation Chair.

“The cooperation with ACG is a significant milestone in the ISTAT Foundation’s journey toward implementing the principles of D&I into its giving programs,” added Sigthor Einarsson, ISTAT Foundation Vice Chair and D&I Committee Chair. “We are excited by it and look at it as a foundation for further development into Diversity and Inclusion related giving, benefiting ISTAT and the industry as a whole.”

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Aviation Capital Group selects Pratt & Whitney GTF™ engines to power 60 more Airbus aircraft

Aviation Capital Group LLC, a leading aircraft operating lessor, announced today that it has selected Pratt & Whitney GTF™ engines to power an additional 40 firm Airbus single-aisle aircraft, with the option to power an additional 20 A320neo family aircraft with GTF engines. This brings ACG’s total to 80 firm and 27 option GTF-powered aircraft. The latest engine selection includes 20 firm Airbus A220 aircraft, plus 20 firm and 20 option A320neo family aircraft.

“The GTF engine continues to deliver impressive economic and environmental benefits to our customers,” said Steven C. Udvar-Hazy, Senior Vice President & Chief Procurement Officer at ACG. “We are pleased to increase ACG’s commitment for additional GTF-powered aircraft.”

ACG owns, manages and has on order 145 aircraft powered by Pratt & Whitney, including Airbus A220 and A320neo families with GTF engines, Airbus A320ceo family with V2500® engines and Boeing 757 aircraft with PW2000 engines. ACG serves around 90 customers in approximately 45 countries with dynamic fleet solutions.

“Leading lessors like ACG are recognizing the increasing value that GTF engines are giving operators,” said Rick Deurloo, Chief Commercial Officer at Pratt & Whitney. “With fuel prices and environmental concerns on the rise, GTF engines’ lower fuel consumption and CO2 emissions are growing more attractive by the day.”

The Pratt & Whitney GTF™ engine is the only geared propulsion system delivering industry-leading sustainability benefits and dependable, world-class operating costs. The GTF engine family reduces fuel consumption and carbon emissions by 16 to 20 percent and noise footprint by 75 percent, with NOx emissions 50 percent below the ICAO CAEP/6 regulation. The engine’s revolutionary geared fan architecture is the foundation for more sustainable aviation technologies in the decades ahead, with advancements like the Pratt & Whitney GTF Advantage™ engine and beyond.

 

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Aviation Capital Group Announces CFO’s Retirement and Transition Plan

Aviation Capital Group announced today that Executive Vice President and Chief Financial Officer Madhu Vijay will retire from the Company later this year. While a definitive date has not been set, Mr Vijay has offered to stay on to help with a seamless transition in the months to come.

“On behalf of the ACG team, we thank Madhu for his invaluable contributions over the 22 years he has served at the Company. Madhu has been an instrumental member of our leadership team, strengthening our balance sheet during his tenure, which contributed meaningfully to our growth. On a personal note, Madhu helped me quickly find my footing at ACG, and I’m grateful to him for his partnership. We appreciate his dedication to ACG and his support for a seamless and successful transition,” said Tom Baker, CEO and president of ACG.

“ACG is a pioneer in the aircraft leasing space.  I am extremely proud of the Company’s many significant achievements and recognize that it is the people that I worked with here that made ACG an exceptional organization. I am honoured to have served ACG for many years in building and leading the finance function for the Company and wish ACG and all of the team members continued success going forward,” said Madhu Vijay, Executive Vice President and Chief Financial Officer of ACG.

 

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Aviation Capital Group confirm financing for two Airbus A321neo LR jets for TAP Air Portugal

Aviation Capital Group has confirmed a deal for the financing of two Airbus A321NEOLR aircraft for the national carrier of Portugal, TAP.  

This financing marks the fifth use by ACG’s Aircraft Financing Solutions (“AFS”) program of its $650 million secured funding facility.  This allowed ACG to provide a senior secured loan to TAP and to partner with Novus Aviation Capital, who provided complementary mezzanine financing.  Together, ACG and Novus were able to offer TAP an attractive and comprehensive financing solution.  

 “ACG is grateful to have had the opportunity to work with TAP and Novus on this financing.  We were able to draw upon our established relationship with Novus to effectively meld the senior and junior loans and to provide TAP with timely and efficient financing.  Moreover, we were finally able to bring to fruition ACG’s long-held desire to work with TAP again,” said Andrew Falk, Managing Director of ACG.

Mamoun Kuzbari, Chief Commercial Officer, Novus Aviation Capital said: “We are delighted to complete this transaction with both ACG and TAP, continuing to support an existing airline customer. Not only are we building on our relationship with this additional financing for TAP, but we are also very proud to have a strong foundation with ACG that will allow both parties to collaborate on future opportunities. This debt structure is an attractive value proposition and the combination of asset type and stakeholders involved makes it appealing for both Novus and Tamweel Aviation Finance, one of the industry’s leading mezzanine loan providers.”

Gonçalo Pires, Chief Financial Officer of TAP Air Portugal said: “TAP is very pleased to work with ACG and Novus on this financing and we are very confident that these two additional A321neo LR aircraft that are joining our fleet, already one of the youngest and most efficient in the world, will contribute to the success of our airline,”

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Aviation Capital Group confirms financing for 2 Airbus A321neo LR planes for TAP Air Portugal

Aviation Capital Group has confirmed the secured financing of two Airbus A321NEO LR aircraft for TAP Air Portugal.

This financing marks the fifth use by ACG’s Aircraft Financing Solutions (“AFS”) program of its $650 million secured funding facility. This allowed ACG to provide a senior secured loan to TAP and to partner with Novus Aviation Capital (“Novus”), which provided complementary mezzanine financing. Together, ACG and Novus were able to offer TAP an attractive and comprehensive financing solution.

“ACG is grateful to have had the opportunity to work with TAP and Novus on this financing. We were able to draw upon our established relationship with Novus to effectively meld the senior and junior loans and to provide TAP with timely and efficient financing. Moreover, we were finally able to bring to fruition ACG’s long-held desire to work with TAP again,” said Andrew Falk, Managing Director of ACG.

“We are delighted to complete this transaction with both ACG and TAP, continuing to support an existing airline customer,” said Mamoun Kuzbari, Chief Commercial Officer, Novus Aviation Capital. “Not only are we building on our relationship with this additional financing for TAP, but we are also very proud to have a strong foundation with ACG that will allow both parties to collaborate on future opportunities. This debt structure is an attractive value proposition and the combination of asset type and stakeholders involved makes it appealing for both Novus and Tamweel Aviation Finance, one of the industry’s leading mezzanine loan providers.”

“TAP is very pleased to work with ACG and Novus on this financing and we are very confident that these two additional A321neo LR aircraft that are joining our fleet, already one of the youngest and most efficient in the world, will contribute to the success of our airline,” said Gonçalo Pires, Chief Financial Officer of TAP Air Portugal.

Aviation Capital Group delivers a new Airbus A321neo to STARLUX Airlines

Aviation Capital Group announced the delivery of one new Airbus A321neo aircraft on long-term lease to STARLUX airlines. The jet is powered by CFM International LEAP-1A30 engines and is the third A321neo to deliver to the airline from ACG’s order book with Airbus.

A luxury boutique airline, STARLUX Airlines, was founded in May 2018. STARLUX launched its inaugural flights from Taoyuan to three destinations, Macau, Da Nang and Penang in January 2020. With its hub at Taiwan Taoyuan International Airport, STARLUX Airlines will initially fly routes in Southeast Asia and Northeast Asia, gradually developing its transoceanic routes to North America. STARLUX has seven A321neos and one A330neo in its fleet and will be adding an additional six A321neos to its fleet. STARLUX also plans to introduce another seven A330-900s, ten A350-900s and eight A350-1000s to its fleet.

“ACG is honoured to deliver this new A321neo to STARLUX and we are excited to be a part of the airline's journey,” said YongRen Ng, Vice President of Marketing for ACG. “We wish the team at STARLUX every success and look forward to a long-term successful partnership.”

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Aviation Capital Group finalises order for 20 A220s

Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a firm contract for 20 A220s following its order for 40 A320neo Family aircraft including five A321XLRs announced in December 2021.”

We are delighted to expand our partnership with Airbus through this A220 order”, said Steven C. Udvar-Hazy, Senior Vice President, OEM Relations & Market Development at ACG. “Our airline customers will appreciate the A220’s environmental friendliness, passenger comfort, and competitive operating economics.”

“This order for 20 A220s from Tokyo Century’s Aviation Capital Group reflects the potential of the aircraft as a sound investment, including for investors based in the Asia Pacific region”, said Christian Scherer, Chief Commercial Officer and Head of Airbus International. “We thank and congratulate our partners at ACG. With fuel and emissions efficiency ever more a discriminating investment choice, the A220 really stands out. Equally gratifying is the market feedback that the A220’s cabin is becoming the passengers’ darling in the regional and small single-aisle segments.”

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. The latest agreement lifts the total number of firm orders for the A220 above 700.

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.

 

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Aviation Capital Group to finance Volocopter fleet of aircraft for up to $1 billion

Aviation Capital Group, a leading aircraft asset manager, announced today that it has entered into an agreement in principle with Volocopter, a pioneer of urban air mobility (UAM), to develop financing solutions that will assist with the sale of Volocopter’s family of electric vertical take-off and landing (eVTOL) aircraft for up to $1 billion. Deliveries are expected to commence once the aircraft has been certified for commercial use by the respective civil aviation authorities. These include the European Union Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA). For Volocopter customers, this agreement will offer an option and an opportunity to lease the aircraft through financing schemes, as is customary within the aviation industry. The experience and trusted services of ACG as a global aviation aircraft asset management company will provide flexibility and security in customer transactions during the lease.

“This transaction highlights ACG’s ongoing commitment to reducing the environmental impact of the aviation industry and to working towards a cleaner and more sustainable future,” said Tom Baker, CEO and president of ACG. “The transaction builds on the existing partnership between Volocopter and ACG’s parent company, Tokyo Century, an early equity investor in Volocopter.”

“This agreement will allow our business to hit the ground running after aircraft certification,” said Florian Reuter, Chief Executive Officer, of Volocopter. “It signifies ACG’s and our investor Tokyo Century’s trust in Volocopter’s leadership in the UAM market. We are grateful for this partnership as this financing represents another cornerstone of the essential ecosystem for scaling UAM.”

The UAM total addressable market is expected to be worth €241 billion by 2035. The market in which Volocopter operates is uniquely targeted at flying above and around the world’s densely populated megacities. The Volocopter family of eVTOL aircraft fly completely emission-free and provide transportation as a service both for passengers (VoloCity and VoloConnect) and for goods (VoloDrone). Moreover, all aircraft are designed with low complexity to meet the needs of this market and customer, as well as the highest level of standards in aviation safety and low-noise emissions that make them ideal for inner-city journeys.

Volocopter aims to create UAM ecosystems in cities worldwide with sustainable aircraft, meeting the highest safety standards by achieving civil aviation certification, and forging strong partnerships with governments and businesses. It is the first and only eVTOL developer to hold Design Organisation Approval (DOA) and Production Organisation Approval (POA), two strategic regulator milestones necessary to launch commercial services. The agreement between ACG and Volocopter will permit the scaling of the commercial business shortly after certification, fulfilling customer demand for aircraft up to $1 billion. All Volocopter aircraft – VoloCity, VoloConnect, and VoloDrone – are expected to be covered by the agreement.

The transaction remains subject to further negotiation and execution of a definitive agreement and customary closing conditions.

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