Aviation Capital Group orders 20 Boeing Airplanes

Leasing company, Aviation Capital Group (ACG) has placed an order for 15 Next-Generation Boeing 737s and five 787 Dreamliners. The order is worth approximately $1.6 billion at list prices.

"We are delighted to add the Boeing 787 Dreamliner to our portfolio. This aircraft represents a significant step forward for mid-size widebody aircraft," said R. Stephen Hannahs, group managing director and chief executive officer of ACG. "Of course, the Next-Generation 737 continues to be an outstanding performer for airlines and is an excellent leasing asset."

With this order, ACG has a backlog of 52 Boeing airplanes on order. In December 2006, ACG announced that it had acquired delivery positions for 15 Next-Generation 737s from Delta Air Lines. In July 2006, ACG placed an order for 14 Next-Generation 737s and announced that it had agreed to acquire six additional Next-Generation 737s from Aeromexico, with a simultaneous agreement to lease the aircraft back to the airline.

One of the top five aircraft leasing enterprises in the world, Aviation Capital Group is owner/lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world's leading airlines. Its portfolio includes more than 200 aircraft leased to 95 airlines in 43 countries.

See other recent news regarding: Travel News Asia, Aviation Capital Group, Boeing, 737, 787, Dreamliner