ACG orders 75 Airbus A320neo jets in lessor's biggest purchase yet

By Reuters News

- Lessor Aviation Capital Group (ACG) has ordered 75 Airbus A320neo aircraft, its parent company Tokyo Century 8439.T said on Friday.

Deliveries of the single-aisle narrowbody airliners are expected to take place between 2032 and 2035.

The California-based lessor bought the aircraft for a total list price of around 1.856 trillion yen ($11.76 billion), though it said the actual acquisition cost could not be disclosed due to confidentiality obligations.

This is ACG's largest order in its nearly 40-year history, CEO Thomas Baker said in a statement.

($1 = 157.8800 yen)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.