Aviation Capital Group orders 15 Boeing next-generation 737s
By Our Corporate Bureau | 06 Sep 2007
Aircraft leasing company Aviation Capital Group (ACG) announced on Wednesday 5 September that it has placed an order for 15 additional next-generation Boeing 737s. Worth approximately $934 million at list prices, the order was recently posted on the Boeing orders and deliveries website, but attributed to an unidentified customer.
ACG now has a total of 64 Boeing airplanes on order. These include 59 next-generation 737s and five 787 Dreamliners. The company had acquired delivery positions from Delta Air Lines last year for 15 next-gen 737s. ACG's fleet contains 141 Boeing aircraft, including next-gen 737s, 737 classics, 757s and 767s.
The next-generation 737 are the most technologically advanced single-aisle airplane. It is preferred owing to its wide market base, superior efficiency and the lowest operating cost in its class. To date, 107 customers have placed orders for more than 4,000 next-gen 737s. Unfilled orders exceed 1,700 airplanes, worth over $120 billion at list prices.
Aviation Capital Group is owner / lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world's leading airlines. Its portfolio includes 228 aircraft leased to 99 airlines in 43 countries.
ACG's Capital Markets Group also provides asset management and remarketing services to aircraft investors and institutional clients.
ACG was founded in 1989 and is a wholly owned subsidiary of Pacific LifeCorp.
