Aviation Capital Group Announces Airbus Deliveries to Multiple Airlines

August 16, 2021

Airbus A320

Aviation Capital Group (ACG) has made multiple Airbus deliveries since June as the commercial aviation sector continues to rebound from the pandemic.

Here are the following deliveries:

ACG Delivers 2 Airbus A320neo Aircraft to Volaris

ACG delivered 2 new Airbus A320neo aircraft on long-term lease to Volaris (one in June and one in July). This aircraft, featuring Pratt & Whitney PW1100G-JM engines, are the first A320neo to deliver to Volaris from ACG as part of a multi-aircraft transaction between ACG and the airline.

“We are pleased to announce the A320neo delivery to Volaris, which is the result of a strong partnership and collaborative work between Airbus, Volaris and ACG teams. We are honored to support Volaris’ ongoing fleet expansion with the most modern, fuel-efficient aircraft.” said Marine Benoit, ACG Vice President Marketing for the Latin American region.

“This new aircraft deal supports Volaris strategy to maintain our world leading ultra-low cost levels and a sustainable development of our network. We would like to thank ACG for their valuable partnership,” said Holger Blankenstein, Volaris Executive Vice president.

Turkish Airlines: 1 Airbus A350 and 3 A321neo Jets

ACG announced the secured financing of one Airbus A350-900 aircraft and three Airbus A321neo aircraft for Turkish Airlines (THY).  

In connection with the A350-900 financing, ACG’s Aircraft Financing Solutions (AFS) program utilized a portion of its $650 million secured funding facility to act as a direct lender under a finance lease to THY.  Use of the facility allowed ACG to quickly and efficiently progress from mandate to providing delivery date financing in less than four weeks. 

Following the A350-900 financing, ACG partnered with Societe Generale (SG) to provide an ACG guarantee for the secured loan component of an Italian lease structure related to three A321neo aircraft, the first of which was delivered to THY this week.  “We are very happy that ACG was able to respond to THY’s financing needs as both a direct lender and a loan guarantor.  This demonstrates the flexibility of the AFS program and our ability to utilize a multitude of financing structures to address our clients’ requirements,” said Andrew Falk, Managing Director of ACG. 

“We are delighted to have partnered with ACG so as to provide an extremely competitive financing solution tailored to THY’s needs, executed smoothly in a very short timeframe” said Emanuele Maiocchi, Director of SG Milan Structured Solution & Leasing team.  

Laurent Floquet of SG, Managing Director and Head of Aviation Finance for EMEA added, “Both THY and ACG are key clients of SG’s global aviation finance franchise, and we are very pleased to have been able to serve both through the delivery of an innovative and value-added solution.”

Aysegul Denli, Turkish Airlines’ Senior Vice President Finance noted “With an innovative structure embedding an ACG guarantee coverage combined with an Italian lease for three A321neo and the ACG secured loan facility for one A350-900, a competitive overall cost of financing has been obtained by Turkish Airlines with the solid commitment of the lenders during a challenging time for the aviation sector.  Documentation and initial deliveries are achieved in a very tight timeline despite the continuing negative impacts of the Covid-crisis and the global lockdowns.”

Viva Air: 1 Airbus A320

ACG announced the delivery of one new Airbus A320neo aircraft on long-term lease to Viva Air. This aircraft, featuring CFM International LEAP-1A engines, is the eighth A320neo to deliver to Viva Air as part of a multi-aircraft transaction between ACG and the airline for a total of eight aircraft.

Aviation Capital Group Announces Delivery of One A321neo to Viva Aerobus

ACG announced the delivery of one new Airbus A321neo aircraft on long-term lease to Viva Aerobus. This aircraft, powered by Pratt & Whitney engines, is the second of three A321neo aircraft to deliver to Viva Aerobus as part of a sale and leaseback transaction between ACG and the airline.

Aviation Capital Group Announces Delivery of One A321neo to S7 Airlines

ACG announced the delivery of one new Airbus A321neo aircraft on long-term lease to S7 Airlines.  Powered by Pratt & Whitney PW1133G-JM engines, this is the first of three A321neos to be delivered in 2021 to S7 from ACG’s order book and the tenth aircraft that ACG currently has on lease with the airline. This aircraft is also the first A321neo ACF (Airbus Cabin Flex) delivered to S7 Airlines. 

“The ACG team is very proud to deliver the first A321neo ACF to S7 Airlines” said Tom Baker, CEO and president of ACG. “ACG greatly values our long-standing and important relationship with S7 Airlines.”

“ACG is an important strategic partner for S7 Airlines” said Vadim Klebanov, CEO of S7 Airlines. “We are delighted to continue our partnership with them.”

Aviation Capital Group Announces Delivery of Third A220 to airBaltic

ACG announced the delivery of one new Airbus A220-300 aircraft on long-term lease to airBaltic. This aircraft is ACG’s third A220 aircraft to be leased by ACG to airBaltic as part of a sale and leaseback transaction between ACG and the airline.

[Source: Aviation Capital Group]

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