ACG delivers new Airbus A320neo aircraft to Chinese airline Air Travel

Aviation Capital Group (ACG), a US-based aircraft asset manager, has completed the delivery of a new Airbus A320neo aircraft to Chinese domestic airline Air Travel under a long-term lease.

Powered by the LEAP-1A engines from CFM International, the Airbus A320neo is the first aircraft delivery of Aviation Capital Group to Air Travel from its order book with Airbus.

Tom Baker — CEO and president of Aviation Capital Group said: “ACG is excited to deliver this A320neo to Air Travel, a new customer for ACG.

“We look forward to the airline operating this modern, fuel-efficient aircraft and supporting their growth for many years to come.”

Air Travel is engaged in operating domestic flights from the Kunming Changshui International Airport in Yunnan Province. The airline was rebranded from Hongtu Airlines in 2018.

Aviation Capital Group delivers new Airbus A320neo aircraft to Chinese airline Air Travel. Photo courtesy of Business Wire.

Wu Jiazhu — CEO of Air Travel said: “This aircraft delivered by ACG is the first new aircraft Air Travel has taken delivery of in China since our renaming, which manifests Air Travel’s efficiency and profitability has stepped up to a new level.

“Thanks to the cooperation between our two companies and ACG’s advanced capability of asset management, we are happy to celebrate this successful delivery. We look forward to further cooperation between Air Travel and ACG.”

Aviation Capital Group, which is a fully-owned subsidiary of Japan-based Tokyo Century Corporation, had more than 400 owned, managed, and committed aircraft as of 30 June 2021, which are leased to nearly 85 airlines in close to 40 countries.