Aviation Capital Group LLC (ACG), a leading global aircraft asset manager, has successfully completed the delivery of an A321neo aircraft to Cebu Pacific. This transaction was executed under a long-term lease arrangement facilitated through a sale-leaseback agreement. The aircraft is equipped with Pratt & Whitney GTF engines, known for their high efficiency.
“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,” stated Ryan Barret, Senior Vice President and Head of Marketing at ACG.
Mark Julius Cezar, Chief Financial Officer at Cebu Pacific, expressed his optimism about the deal, saying, “We are delighted to be able to work with ACG on this transaction and look forward to seeing the partnership grow over time.”
ACG, founded in 1989, is recognized for its expertise in commercial aircraft leasing and aviation finance. With a fleet of over 480 owned, managed, and committed aircraft as of March 31, 2024, ACG leases to nearly 90 airlines across around 45 countries. The company is a wholly owned subsidiary of Tokyo Century Corporation and offers tailored aircraft asset management solutions to meet diverse fleet management needs.
This transaction highlights ACG’s commitment to fostering relationships and expanding its footprint in the competitive Asia-Pacific aviation market. For more details about ACG’s services and its strategic role in the aviation industry, interested parties can visit www.aviationcapitalgroup.com.