Airbus wins order for 75 A320neo planes from leasing group ACG
ACG chief executive Thomas Baker said that the company’s largest order in nearly 40 years reflected confidence in the long-term future of air travel.
Airbus has secured a substantial order of 75 A320neo planes from Aviation Capital Group (ACG), a leasing company anticipating increased demand for fuel-efficient aircraft. This brings ACG's Airbus fleet to a total of 190 planes. The order marks the largest in the company's nearly 40-year history, according to Airbus. ACG's CEO Thomas Baker expressed confidence in the long-term future of air travel.
The 75 A320neo planes have a combined list price of nearly $12 billion, though discounts are typically given on large orders. The A320neo model is 20% more fuel-efficient than its predecessor, the A320, which is one of the world's most widely used single-aisle passenger jets. According to ACG's parent company Tokyo Century, a Japanese leasing firm, global passenger traffic growth and airlines accelerating the replacement of their existing fleets with modern aircraft are expected to continue driving demand for aircraft operating leases.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Airbus wins order for 75 A320neo planes from leasing group ACG freemalaysiatoday.com
