Aviation asset manager Aviation Capital Group LLC announced today the delivery of one new Airbus A320neo aircraft on long-term lease to Colombian low-cost carrier Viva Air. This aircraft, featuring CFM International LEAP-1A engines, is the sixth A320neo to deliver to Viva Air as part of a multi-aircraft transaction between ACG and the airline.
The aircraft is part of an order of 50 Airbus A320 & A320neo aircraft that Viva Air has placed with Airbus, growing its fleet from 20 to approximately 70. Backed by Irelandia Aviation and using its low-cost carrier strategy, Viva has aggressive growth plans to connect North America, South America, and The Caribbean through its Medellín Hub.
Aviation Capital Group was founded in 1989 and counts approximately 400 owned, managed and committed aircraft as of December 31, 2020, which are leased to approximately 85 airlines in approximately 40 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.