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Aviation Capitol Group To Acquire 23 Additional A320 Family Aircraft

Written by thomas · Filed Under Commercial 

July 15, 2008

thomas

United States based lessor Aviation Capital Group (ACG) has signed a firm contract for the purchase of 23 Airbus A320 Family aircraft. With this contract, the wholly owned subsidiary of Pacific LifeCorp will have ordered 68 A320 Family aircraft since March 2007 and will have     148 A320 Family aircraft in its portfolio.

“With this strategic decision, we have strengthened our long-term delivery stream of new aircraft which allows us to continue to meet the future demand of our customer airlines worldwide with the most modern, fuel efficient and environmentally friendly aircraft”, said R. Stephen Hannahs, ACG Group Managing Director and CEO.

“We are very pleased that ACG, one of the leading aircraft operating lessors and important Airbus customer, has further confirmed its confidence in the A320 Family by expanding its order backlog with Airbus”, said Airbus Chief Operating Officer Customers, John Leahy. “This shows the customer’s satisfaction and clearly demonstrates the high demand for the A320’s advanced technology and efficiency in the years to come”.

The A320 Family, which includes the A318, A319, A320 and A321, is recognized as the benchmark single-aisle aircraft family. Each aircraft features fly by wire controls and all share a unique cockpit and operational commonality across the range. Around 6,200 Airbus A320 Family aircraft have been sold and more than 3,500 delivered to some 280 customers and operators worldwide, making it the worlds best selling commercial jetliner ever.

With proven reliability and extended servicing periods, the A320 Family has the lowest operating costs of any single aisle aircraft. Uniquely, the A320 Family offers a containerized cargo system, which is compatible with the world wide standard wide-body system.

Airbus is an EADS company.

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