Aviation Capital Group LLC has announced the delivery of one A321neo aircraft on long-term lease to Cebu Pacific. Powered by the ultra-efficient Pratt & Whitney GTF engines, the aircraft was delivered to the airline as part of a sale-leaseback transaction between ACG and Cebu Pacific.
“We are thrilled to finalize this sale-leaseback transaction with Cebu Pacific and contributing to Cebu’s continued success in the dynamic Asia-Pacific market, while also nurturing future growth in our partnership,” said Ryan Barret, Senior Vice President and Head of Marketing at ACG.
“We are delighted to be able to work with ACG on this transaction and look forward to seeing the partnership grow over time,” said Mark Julius Cezar, Chief Financial Officer at Cebu Pacific.