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ACG Finalizes Order for 20 Airbus A220s; Jazeera Airways Confirms Order for 28 A320neo Family Jets

Aviation Capital Group (ACG), a global full service aircraft lessor, has signed a firm contract for 20 Airbus A220s. Separately, Airbus announced that Kuwait-based Jazeera Airways has firmed up an order for 28 A320neo Family aircraft.

Airbus A220-300 - Courtesy Airbus

From the Singapore Airshow 2022 on Monday (February 14, 2022), Airbus announced that Aviation Capital Group (ACG), a global full-service aircraft lessor wholly-owned by Tokyo Century Corporation, has signed a firm contract for 20 Airbus A220s. This follows ACG’s order for 40 A320neo Family aircraft, including five A321XLRs announced in December 2021. The A220 is the only purpose-built aircraft for the 100-150 seat market. The aircraft combines state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest generation PW1500 GTF engines to deliver a 25 percent reduction in fuel burn for seat and a 50 percent smaller noise footprint compared to previous generation aircraft. Additionally, the A220 produces around 50 percent lower NOx compared to the industry standard. With the latest order, Airbus’ firm A220 order book exceeds 700 aircraft.

In Monday’s announcment, ACG’s Senior Vice President – OEM Relations and Market Development, Steven C. Udvar-Hazy, said,

“We are delighted to expand our partnership with Airbus through this A220 order. Our airline customers will appreciate the A220’s environmental friendliness, passenger comfort, and competitive operating economics.”

Also commenting on the A220 order, Airbus’s Chief Commercial Officer and Head of Airbus International, Christian Scherer, said,

“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. 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.”

In a separate announcment from Singapore today (February 14, 2022), Airbus announced that Kuwait-based Jazeera Airways has firmed up an order for 28 Airbus A320neo Family aircraft, including 20 A320neos and eight A321neos. The order confirms a Memorandum of Understanding (MoU) announced in November 2021.

In today’s announcement, Jazeera Airways’ Chief Executive Officer, Rohit Ramachandran, said,

“We are pleased to confirm this latest order with Airbus. By taking both A320neo and A321neo versions we will have great flexibility to extend our network to medium and longer haul destinations from Kuwait, offering passengers more choice to travel and enjoy popular destinations as much as underserved ones.”

Commenting on the Jazeera Airways’ A320neo Family order, Airbus’ Mr. Scherer added,

“Jazeera Airways is a long-standing partner of Airbus and we are delighted to see them grow their all-Airbus fleet with an additional 28 A320neo Family aircraft. The A320neo Family offers the right size, economics and customer comfort for Jazeera Airways to serve its growing customer base and open new routes competitively. We salute team Jazeera for their remarkable development and thank them for their trust and for this important order.”

The Airbus A320neo Family incorporates the latest technologies including new generation engines, Sharklets and aerodynamics, which combine to deliver a 20 percent fuel savings and CO2 reduction compared to previous generation Airbus aircraft. To date, the A320neo Family has received over 7,400 orders from more than 120 customers worldwide.

Source: Airbus


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