Aviation Capital Group to Acquire 23 Additionnal A320 Family Aircraft

(July 15, 2008) -- United States based lessor Aviation Capital Group (ACG) has signed a firm contract for the purchase of 23 Airbus A320 Family aircraft. With this contract, the wholly owned subsidiary of Pacific LifeCorp will have ordered 68 A320 Family aircraft since March 2007 and will have 148 A320 Family aircraft in its portfolio.

"With this strategic decision, we have strengthened our long-term delivery stream of new aircraft which allows us to continue to meet the future demand of our customer airlines worldwide with the most modern, fuel efficient and environmentally friendly aircraft", said R. Stephen Hannahs, ACG Group Managing Director and CEO.

"We are very pleased that ACG, one of the leading aircraft operating lessors and important Airbus customer, has further confirmed its confidence in the A320 Family by expanding its order backlog with Airbus", said Airbus Chief Operating Officer Customers, John Leahy. "This shows the customer's satisfaction and clearly demonstrates the high demand for the A320's advanced technology and efficiency in the years to come".

Source : Airbus

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