Newport Beach-Based Aviation Capital Group Delivers Final 737-8 MAX Aircraft to Air India Express
Aviation Capital Group LLC (ACG), a leading global full-service aircraft asset manager based in Newport Beach, California, is proud to announce the delivery of the final Boeing 737-8 MAX aircraft to Air India Express. This delivery marks the completion of a multiple-aircraft sale-leaseback transaction between ACG and the Indian low-cost airline.
About Aviation Capital Group
ACG is a renowned player in the commercial aircraft leasing and aviation finance industry. The company has a diverse fleet of more than 550 owned, managed, and committed aircraft, which are leased to approximately 90 customers in more than 50 countries.
The Aircraft and Engines
The newly delivered Boeing 737-8 MAX aircraft is powered by CFM International LEAP-1B engines. The LEAP engines are known for their fuel efficiency, environmental performance, and overall operational improvements. With a seating capacity of up to 230 passengers in a two-class configuration, this aircraft is expected to enhance Air India Express’s fleet’s efficiency and capacity.
Impact on Air India Express
Air India Express will benefit from the latest technology and fuel-efficient engines in their fleet, enabling them to reduce operating costs and provide a more comfortable flying experience for their passengers. Additionally, the sale-leaseback transaction will provide Air India Express with much-needed liquidity, allowing them to invest in other areas of their business.
Global Impact
The delivery of this aircraft is a significant development for the aviation industry, particularly in the context of the ongoing recovery from the COVID-19 pandemic. The transaction between ACG and Air India Express underscores the resilience of the aviation sector and the continued demand for fuel-efficient aircraft. Furthermore, it is a testament to ACG’s commitment to supporting its customers and the global aviation industry as a whole.
Conclusion
Aviation Capital Group’s delivery of the final Boeing 737-8 MAX aircraft to Air India Express is an exciting milestone in the ongoing partnership between the two companies. The fuel-efficient LEAP-1B engines and the overall capabilities of the aircraft will undoubtedly contribute to Air India Express’s operational efficiency and passenger comfort. Moreover, this transaction highlights the continued demand for modern aircraft and the role that ACG plays in supporting the global aviation industry as it recovers from the challenges of the past year.
- ACG delivers final Boeing 737-8 MAX aircraft to Air India Express
- Completion of a multiple-aircraft sale-leaseback transaction
- Aircraft powered by CFM International LEAP-1B engines
- Benefits Air India Express with fuel efficiency and passenger comfort
- Provides Air India Express with much-needed liquidity
- Significant development for the aviation industry in the wake of the pandemic
- ACG’s commitment to supporting its customers and the aviation industry
