Aviation Capital Group LLC (“ACG”), a leading aircraft asset manager, announced the delivery of one new Airbus A220-300 aircraft on long-term lease to airBaltic. This aircraft is ACG’s first A220 and the first of four A220-300 aircraft to be leased by ACG to airBaltic as part of a sale and leaseback transaction between ACG and the airline.
“We are proud to take delivery of our first A220 and welcome airBaltic into the ACG family of customers,” said Tom Baker, CEO and president of ACG. “As the only Airbus aircraft designed specifically for the 100-150 seat market, the A220 offers excellent fuel efficiency and passenger comfort in this segment of the market. The A220 incorporates state-of-the-art aerodynamics and is powered by Pratt & Whitney’s advanced PW1500G geared turbofan engines.”
“The current crisis enabled us to focus on the Airbus A220-300 as the only aircraft type airBaltic will fly in the future. Our aircraft choice has already showed itself as the most efficient, sustainable aircraft for our market,” said Vitolds Jakovlevs, CFO of airBaltic. “We are glad that ACG will now be a part of our growth story.”