Hong Kong Aviation Capital Orders 70 A320neo Family Aircraft

Hong Kong Aviation Capital (HKAC), a fast growing aircraft leasing company based in Hong Kong, has signed a firm order with Airbus for a total of 70 A320neo Family aircraft (40 A320neo and 30 A321neo).

HKAC currently has a portfolio of over 50 single and twin aisle Airbus aircraft, and provides financing leasing services to several airlines in Asia and worldwide.

This is HKAC's first direct order with any aircraft manufacturer.

“We are pleased to have finalised the order for 70 A320neo Family aircraft with Airbus. The green credentials of the NEO is one of the key factors for us to choose the aircraft and through reduced fuel burn and emissions, HKAC will enable its airline clients to reduce operating cost while improving their environment impact,” said Donal Boylan, CEO of HKAC. “In addition, the A321neo will enable operators to deliver reduced operating cost per seat, and better compete where airport slots are restricted.”

The A320neo “new engine option” incorporates many innovations, including latest generation engines and large Sharklet wing-tip devices, which Airbus claims will together deliver 15% in fuel savings and a reduction of 3,600 tonnes of CO2 per aircraft per year.

With more than 3,000 orders received from more than 57 customers since its launch in 2010, the A320neo Family has captured a substantial share of the market.

See also: HD Videos from the Singapore Airshow 2010, HD Videos from Asian Aerospace 2011, HD Videos from Singapore Airshow 2012, HD Videos from Farnborough 2012 and HD Videos from Singapore Airshow 2014