Aviation Capital Group finalizes order for 20 A220s
"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 in a February 14 press release. “Our airline customers will appreciate the A220’s environmental friendliness, passenger comfort, and competitive operating economics.”
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.
“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 features a 50 percent reduced noise footprint and up to 25 percent lower fuel burn per seat compared to previous generation aircraft, as well as around 50 percent lower NOx emissions than industry standards.
The latest agreement lifts the total number of firm orders for the A220 above 700.