Aviation Capital Group, the commercial aircraft leasing subsidiary of Pacific Life Insurance Company, has placed follow-on orders with Airbus for 35 additional A320 Family aircraft, consisting of 30 A320neo Family aircraft, 2 A320ceo aircraft and 3 A321ceo aircraft. ACG has also secured the option to purchase 10 additional A320neo aircraft. Including this commitment, ACG and its subsidiaries have ordered a total of 158 A320 Family aircraft directly from Airbus, consisting of 61 A320neo Family and 97 A320ceo Family aircraft. Of the 158 aircraft ordered, 66 aircraft have yet to be delivered.
Furthermore Aviation Capital Group announced the sale of a portfolio of aircraft to a financial investor. The mid-life portfolio consists of in-production A320 and B737 family aircraft. The aircraft are on lease to a globally diverse group of airlines. R.W. Pressprich & Co. acted as the special seller advisor and exclusive placement agent of the equity for this transaction.
